Temporarily moving LTD company cash into high interest personal account

[gables]

A lot of effort for sub 3% for 11 months which is then taxed. He cant' take advantage of regular savers or fixed deals so it's bog standard rates for less than a year.

20k at 3% for 1 year = £608 of which he'll get taxed to the tune of around £120 (unless it goes in an ISA of course). Probably completely wrong but it gives the OP an idea of what he's going to make out of his harebrained scheme.

We are assuming this is spare money and not tax money that he'll have to shift back in and pay at whatever point of his companies tax year and so on.

It really baffles me why some people come up with these ideas for what amounts to peanuts (£488) in the scheme of things, even if the above figures are tripled it's not worth the effort.

[NotAllThere]

Article in The Sunday Times yesterday, explaining reasons banks might have for closing your personal account.

Banks have wide-ranging conditions for anyone opening an account — fall foul of them and your account could be closed.

For example, Barclays will close personal accounts if they are used for non-personal activities.