Originally posted by earningacrust
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Reply to: Multiple FSCS Protected Accounts
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Previously on "Multiple FSCS Protected Accounts"
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Originally posted by simes View PostComing to this party a little late. Indeed I had created a whole new thread on this topic but bearing in mind it is all here, just a couple of questions.
1. Do people here make a point of keeping a max of £85k in separate FRN registered bank accounts? Or do we not really give a damn?
2. Presumably, if people do give a damn and do shift funds around, then they perform all the FRN searches on the FCA Register to ensure one bank is not a sister of another bank, thereby negating the whole £85k per Name per Bank?
Thanks in advance.
2. Yes. Or check sites like MoneysavingExpert who have a tool to check this
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Coming to this party a little late. Indeed I had created a whole new thread on this topic but bearing in mind it is all here, just a couple of questions.
1. Do people here make a point of keeping a max of £85k in separate FRN registered bank accounts? Or do we not really give a damn?
2. Presumably, if people do give a damn and do shift funds around, then they perform all the FRN searches on the FCA Register to ensure one bank is not a sister of another bank, thereby negating the whole £85k per Name per Bank?
Thanks in advance.
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Originally posted by dingdong View PostIt's been a long time since HMRC paid 3% on early tax payments - the rate is currently 0.5%
Aldermore do customisable fixed term accounts - I use one of those setting the maturity date to a week before my corporation tax deadline.
**EDIT**
Ignore me - just logged into my account online...term is "From 60 days to 5 years"
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It's been a long time since HMRC paid 3% on early tax payments - the rate is currently 0.5%
Aldermore do customisable fixed term accounts - I use one of those setting the maturity date to a week before my corporation tax deadline.
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Just to add that it's likely to be 85k again within the next month or so.
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Originally posted by Lance View PostHow much of that money will you owe to HMRC? It may be worthwhile paying them early (you'll get 3% interest) and then you don't need to protect it. Might take you sufficiently below the £75k to not worry about it.
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How much of that money will you owe to HMRC? It may be worthwhile paying them early (you'll get 3% interest) and then you don't need to protect it. Might take you sufficiently below the £75k to not worry about it.
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Forgot to mention that you need to avoid P2P companies if you need FSCS protected accounts.
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Originally posted by eddie1507 View PostHi Guys,
I have built up a nice pot of cash in my current business bank account (>75k).
I'm looking to be more protected on these funds and looking for advise on an alternative bank account in which i can send some money to in order to receive the 75k protection per institute.
Currently i bank with HSBC could anyone recommend another bank / saver which isn't within the HSBC institute ?
Thanks
Aldermore
Cambridge & Counties Bank
Kent Reliance
State Bank of India
If you want better interest rate, then I would recommend P2P companies like;
Ratesetter
Zopa
Assetzcapital
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Multiple FSCS Protected Accounts
Hi Guys,
I have built up a nice pot of cash in my current business bank account (>75k).
I'm looking to be more protected on these funds and looking for advise on an alternative bank account in which i can send some money to in order to receive the 75k protection per institute.
Currently i bank with HSBC could anyone recommend another bank / saver which isn't within the HSBC institute ?
ThanksTags: None
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