Originally posted by northernladuk
View Post
- Visitors can check out the Forum FAQ by clicking this link. You have to register before you can post: click the REGISTER link above to proceed. To start viewing messages, select the forum that you want to visit from the selection below. View our Forum Privacy Policy.
- Want to receive the latest contracting news and advice straight to your inbox? Sign up to the ContractorUK newsletter here. Every sign up will also be entered into a draw to WIN £100 Amazon vouchers!
Business Savings Account
Collapse
X
Collapse
-
-
Originally posted by hgllgh View Post
yes, but it didn't specify if that applies to the business savings account as opposed to their standard business current account.
On the upside, it's 4.33% (not 4.03%). App is a bit crap, though, not intuitive.Comment
-
PSA: for everyone with Wise Interest. The sneaky bastards have put their asset fee up quite considerably.Comment
-
Originally posted by BigLadFromBeeston666 View PostPSA: for everyone with Wise Interest. The sneaky bastards have put their asset fee up quite considerably.
Wise is a relatively big business now and costs only go in one direction - their fx fees have ramped up a few times too, although they are still competitive in the market.Comment
-
Did you get any comms about it? I found out through a bloody forum. I agree, still competitive. Still 100% rate increase stings a little. Especially as they've just posted record profits.Comment
-
Just had a look for something better.
https://www.tide.co/business-savings...te&irpid=23518
4.33% easy access. FSCS protected. I'm switching at the end of the month.Comment
-
Originally posted by BigLadFromBeeston666 View PostDid you get any comms about it? I found out through a bloody forum. I agree, still competitive. Still 100% rate increase stings a little. Especially as they've just posted record profits.Comment
-
Originally posted by BigLadFromBeeston666 View PostJust had a look for something better.
https://www.tide.co/business-savings...te&irpid=23518
4.33% easy access. FSCS protected. I'm switching at the end of the month.Comment
-
Originally posted by jamesbrown View Post
That was being discussed a few posts above. I have that too. IIRC, it isn’t any better, though - GBP assets w/ Wise is currently 4.7% after costs, I think, although it depends on Gilt yields. Even if I’m forgetting and that’s before costs, Tide is no better. To get better, you need to tie it up in a one year bond.
Wise 4.7% (rate) - 0.56% (asset fee) = 4.14% return
Tide 4.33% (rate) = 4.33% return
It says the Tide interest is paid monthly. Wise is paid daily.
Am I missing something? On a separate note, I suspect the next BoE meeting will edge both these down.Comment
-
Originally posted by BigLadFromBeeston666 View Post
My maths makes it:
Wise 4.7% (rate) - 0.56% (asset fee) = 4.14% return
Tide 4.33% (rate) = 4.33% return
It says the Tide interest is paid monthly. Wise is paid daily.
Am I missing something? On a separate note, I suspect the next BoE meeting will edge both these down.
https://wise.com/gb/interest/
It isn't explicit, though. The underlying Blackrock fund is returning around 5.15% right now, but the Wise rate is updated periodically (last updated in November).Comment
- Home
- News & Features
- First Timers
- IR35 / S660 / BN66
- Employee Benefit Trusts
- Agency Workers Regulations
- MSC Legislation
- Limited Companies
- Dividends
- Umbrella Company
- VAT / Flat Rate VAT
- Job News & Guides
- Money News & Guides
- Guide to Contracts
- Successful Contracting
- Contracting Overseas
- Contractor Calculators
- MVL
- Contractor Expenses
Advertisers
Contractor Services
CUK News
- Streamline Your Retirement with iSIPP: A Solution for Contractor Pensions Sep 1 09:13
- Making the most of pension lump sums: overview for contractors Sep 1 08:36
- Umbrella company tribunal cases are opening up; are your wages subject to unlawful deductions, too? Aug 31 08:38
- Contractors, relabelling 'labour' as 'services' to appear 'fully contracted out' won't dupe IR35 inspectors Aug 31 08:30
- How often does HMRC check tax returns? Aug 30 08:27
- Work-life balance as an IT contractor: 5 top tips from a tech recruiter Aug 30 08:20
- Autumn Statement 2023 tipped to prioritise mental health, in a boost for UK workplaces Aug 29 08:33
- Final reminder for contractors to respond to the umbrella consultation (closing today) Aug 29 08:09
- Top 5 most in demand cyber security contract roles Aug 25 08:38
- Changes to the right to request flexible working are incoming, but how will contractors be affected? Aug 24 08:25
Comment