Reply to: Aldermore halves easy access savings rates

[caffeine man]

Crazy not to put everything into premium bonds then


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50k limit


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[CatOnMat]

This sort of things prompted an extensive rearranging of personal and Ltd savings - esp as I was going to end up with the (somewhat bizarre - to me at least) position that the Ltd's "reward saver" account would soon be paying 0.01% whereas the attached current account is still paying 0.1% - not particularly generous but still 10x more!

Add in to that £12.50 monthly current account fees for the pleasure of getting that "reward" so its off to TSB. 25 months fee-free business banking for switching and 0.5% interest on the saver (admittedly down from 1% before July).

[adubya]

Kent Reliance still paying 0.9% instant access.

Will no doubt change but I've not had any comms from them stating an upcoming rate cut yet.

Business Savings Accounts | Kent Reliance

[jamesbrown]

Is this even possible for LTD funds?

Nope. I think it violates the NS&I terms even to hold on trust (in your personal name) with a fully legal trust agreement in place. However, I wouldn't screw around with the latter for other reasons.

[WDNK]

Crazy not to put everything into premium bonds then


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Is this even possible for LTD funds?

[PCTNN]

I've moved a fair chunk of my savings to Monzo which still pays 0.50%

Still barely anything, but hopefully more people will do the same so old school banks will wake up.

[GhostofTarbera]

Crazy not to put everything into premium bonds then


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[northernladyuk]

That doesn't sound very rewarding.

It's popular in the masochist community.

[PerfectStorm]

Santander have reduced their business "reward" saver rate from 0.1% to 0.01%

That doesn't sound very rewarding.

[Ploptimus]

Just a note of this as I know a few here use them. There are other 1% accounts available (for now at least) like TSB and Shawbrook but they'll be running them at cost to you, so I wouldn't expect those to hang around for long either.

I guess I have this email to look forward to imminently. Just had a look on TSB and they are already stating 0.5% from July so probably all will follow suit.

[mudskipper]

Santander have reduced their business "reward" saver rate from 0.1% to 0.01%

[Old Greg]

Next stop: - 1% easy access, -0.25% 180 day notice.

[ladymuck]

Wow - sorry for your lose

Thoughts and prayers

Do we need to clap for you ?


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I think no-one needs the clap from you

[GhostofTarbera]

Wow - sorry for your lose

Thoughts and prayers

Do we need to clap for you ?


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[jamesbrown]

Same w/ Virgin Money. Other than the ones you mention, Investec has a 1% rate for a 32-day notice account w/ a 40k+ deposit (FSCS).