Better Interest Rates On Business Accounts

[Bagpuss]

http://www.abbeyinternational.com/MOS.asp Only £250 needed to open an account.

(You can open as many accounts as you like BTW, and can have company accounts- different application form, higher costs so not too sure why you would want to do this with what is essentially your money).

There are also many other options - For example Im currently getting 14.92 tax free after costs from BOA, but there restrictions.



PZZ

12% aer limited to 2500 a month. Hmmm those limite savers always sound impressive, but..

0.95% per month, so about £1600 over a year gross of tax

That's if you put 30k in over the term. If you had 30k originally you would need an interest rate of around 5.5% gross to get the same return.

[pzz76077]

12% aer limited to 2500 a month. Hmmm those limite savers always sound impressive, but..

0.95% per month, so about £1600 over a year gross of tax

That's if you put 30k in over the term. If you had 30k originally you would need an interest rate of around 5.5% gross to get the same return.

Im not trying to sell it to anyone, all I can say is that it has worked fine for me over the past 3 and a half years and paid 11% after costs.

You would need to structure the rest of your life towards not paying UK tax to have any advantage at all I would suspect.

If you are a non tax payer like myself, then there are many other options to choose from- BOA are currently paying the highest of any tax free account that I have - but the catch is that it is by invitation only.

PZZ