Business account pays 5.38% AER

[DimPrawn]

http://www.totalbusinessaccount.co.uk/

What does the panel think?

I know you need to keep a min balance of £10K, but that fook all to proper IT Contractors.

[AtW]

Sounds like they are desperate for money, hence prepared to pay higher than usual interest rates...

[DimPrawn]

I see no one cares about getting such a good rate on their business account.

So much for my 10% commission on every sale....

[SueEllen]

I see no one cares about getting such a good rate on their business account.

So much for my 10% commission on every sale....

Nah it's cos we know the Bank of Scotland has rubbish service.....

[scooterscot]

That does sound good, will invetigate a little further.

Not fab if you're making a lora transactions though

[EternalOptimist]

That does sound good, will invetigate a little further.

Not fab if you're making a lora transactions though

I make about 20 transactions a year

[DimPrawn]

Each transaction costs 30p.

So if you do a 20 a year it will cost you £6 a year.

If you have an average balance of say £50K, you wil receive about £2500 a year for nothing.

[EternalOptimist]

Each transaction costs 30p.

So if you do a 20 a year it will cost you £6 a year.

If you have an average balance of say £50K, you wil receive about £2500 a year for nothing.

minus your 10%

mind you, my average balance is closer to 10k
one of us is doing something wrong, I hope its not me

[crack_ho]

http://www.northernrock.co.uk/saving...ings-accounts/

Northern Rock pays 5.48% AER. No transaction charges AFAIK.
You takes your chances...

[DimPrawn]

http://www.northernrock.co.uk/saving...ings-accounts/

Northern Rock pays 5.48% AER. No transaction charges AFAIK.
You takes your chances...

That is not a day-to-day business bank account:

The minimum withdrawal amount is £1,000.

To make a withdrawal simply complete a withdrawal request form and return to our registered Head Office. You can also choose to have a cheque sent to your registered address, or we can send an electronic transfer to another bank or building society account in the same name as the Business Reserve account. Cheque withdrawals can only be made payable to the Business Name.

If you need funds more quickly, then provided we receive your instructions by 1pm, we can arrange a CHAPS transfer. You can transfer any amount up to the credit balance of your Account and a charge of £35 will be made for this service.


Carp compared to the Bank of Scotland, with full internet banking facilities.