Banks compensation scheme

[Drewster]

That's very true but it is better to pay taxes than lose the money in a bank failure though.

Possibly...... but if the bank doesn't do t*ts up and you don't (or wouldn't) lose your money..... then incuring tax liability (and an admin headache) by using company money to pay your personal mortgage might be an expensive insurance policy

[Ravello]

I have 100k in my cater allen account
Should I open a company saving account with another bank or is it current account?

ISTR that Cater Allen wrote a letter recently assuring business customers that they guarantee funds held in business accounts. What I can't recall is whether they specified the limit on that 'guarantee' - nor of course how they plan to honour it but hey ho...