• 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!

30 day notice saving account recommendations?

Collapse
X
  •  
  • Filter
  • Time
  • Show
Clear All
new posts

    30 day notice saving account recommendations?

    Can anyone recommend a good CT/VAT/warchest account?

    Ideally with about 30-60 day notice and preferably monthly/quarterly interest payments?

    Done a lot of googling and used search facility but not much coming up.

    Edit - looking at some of these, anyone used any of these?

    *EDIT #2* - Santander Business reward saver looks like the one.. possibly, anyone know any better
    Last edited by Jog On; 24 April 2012, 09:50. Reason: link
    "Is someone you don't like allowed to say something you don't like? If that is the case then we have free speech."- Elon Musk

    #2
    Originally posted by Jog On View Post
    Can anyone recommend a good CT/VAT/warchest account?

    Ideally with about 30-60 day notice and preferably monthly/quarterly interest payments?

    Done a lot of googling and used search facility but not much coming up.

    Edit - looking at some of these, anyone used any of these?

    *EDIT #2* - Santander Business reward saver looks like the one.. possibly, anyone know any better
    Have you thought of something like ratesetter? (P2P with an instant access)

    Peer 2 Peer Lending and Social Lending in the UK - RateSetter.com: A better way to save or borrow, peer to peer.
    What happens in General, stays in General.
    You know what they say about assumptions!

    Comment


      #3
      Originally posted by MarillionFan View Post
      Have you thought of something like ratesetter? (P2P with an instant access)

      Peer 2 Peer Lending and Social Lending in the UK - RateSetter.com: A better way to save or borrow, peer to peer.
      For CT/VAT money?

      This looks good for some business investing however
      "Is someone you don't like allowed to say something you don't like? If that is the case then we have free speech."- Elon Musk

      Comment


        #4
        Originally posted by Jog On View Post
        For CT/VAT money?

        This looks good for some business investing however
        If you can put business money in, then why not CT/VAT. It has an instant drawer facility. I used it myself recently. My only concern is that it's covered by the £85k rule (but neither is Zopa).
        What happens in General, stays in General.
        You know what they say about assumptions!

        Comment


          #5
          What is the "legality" of drawing out my CT money (which is sat in a next to zero interest savings account) sticking it in my off set mortgage account and then paying my CT direct from my personal account when its due?
          Originally posted by Stevie Wonder Boy
          I can't see any way to do it can you please advise?

          I want my account deleted and all of my information removed, I want to invoke my right to be forgotten.

          Comment


            #6
            Originally posted by MarillionFan View Post
            Have you thought of something like ratesetter? (P2P with an instant access)

            Peer 2 Peer Lending and Social Lending in the UK - RateSetter.com: A better way to save or borrow, peer to peer.
            I assume the website takes the cut between the Lending rate (4%) and the Borrow Rate (7.9%), nice little earner no wonder the Banks are raking it in.
            Originally posted by Stevie Wonder Boy
            I can't see any way to do it can you please advise?

            I want my account deleted and all of my information removed, I want to invoke my right to be forgotten.

            Comment


              #7
              You mentioned the Moneyfacts search engine already and there is one more that I know of :-

              Compare Business Accounts, Commercial Mortgages & Loans

              Best corporate bank savings accounts interest rates for business ltd limited plc public limited companies

              Comment


                #8
                Originally posted by SimonMac View Post
                What is the "legality" of drawing out my CT money (which is sat in a next to zero interest savings account) sticking it in my off set mortgage account and then paying my CT direct from my personal account when its due?
                Treated as a directors loan with all associated rules shirley?

                Comment


                  #9
                  Originally posted by jmo21 View Post
                  Treated as a directors loan with all associated rules shirley?
                  I would assume if they can take 'business money' then it's got nothing to do with a directors loan.
                  What happens in General, stays in General.
                  You know what they say about assumptions!

                  Comment


                    #10
                    Originally posted by SimonMac View Post
                    I assume the website takes the cut between the Lending rate (4%) and the Borrow Rate (7.9%), nice little earner no wonder the Banks are raking it in.
                    So long as the recovered defaults remain low.

                    Comment

                    Working...
                    X