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Reply to: Aldermore ups interest rates
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Previously on "Aldermore ups interest rates"
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Originally posted by Ricardo19ip View Post
Hello PerfectStorm
I was thinking about opening a new business saving account (now I use MetroBank and the interest they give is almost zero).
At the moment I see 2 that have a good interest rate:
Aldermore 1.25%
https://www.aldermore.co.uk/business...s/easy-access/
Virgin 1%
https://uk.virginmoney.com/business/...ess%20accounts
Personally I had a bad experience with Virgin Broadband and the support team. Don't know about this bank.
Why do you say "I wouldn't give them more than £85k though"? Is it because Aldermore is not a good bank or crappy?
Do you have any other recommendation?
Thanks a lot.
You might recall what happened when the Icelandic banks arrived here offering tempting interest rates. It didn't end well. To be clear though, I am not directly comparing Aldermore to those failed overseas based banks.
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Originally posted by PerfectStorm View PostA bit of good news, Aldermore have upped their easy access interest rate from 0.5% to a whopping 0.75% (which is probably in itself the best on the market), and backdated to March 25
I wouldn't give them more than £85k though, if you're fortunate enough to do so.
Hello PerfectStorm
I was thinking about opening a new business saving account (now I use MetroBank and the interest they give is almost zero).
At the moment I see 2 that have a good interest rate:
Aldermore 1.25%
https://www.aldermore.co.uk/business...s/easy-access/
Virgin 1%
https://uk.virginmoney.com/business/...ess%20accounts
Personally I had a bad experience with Virgin Broadband and the support team. Don't know about this bank.
Why do you say "I wouldn't give them more than £85k though"? Is it because Aldermore is not a good bank or crappy?
Do you have any other recommendation?
Thanks a lot.
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Originally posted by jamesbrown View PostBut, yeah, rates are heading up, gradually.
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yep I'm using the HL Active savings - not quite 1.5 for easy access, but definitely worth a look
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You can now get a whopping 1.5% easy access from Chase for your non-business banking!
But, yeah, rates are heading up, gradually.
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Originally posted by PerfectStorm View Post
Doesn't sound like a lot, but cash deposited this way up to the FSCS limit would earn £53 a month interest, enough to halve your accountancy costs for example.
I own shares in a few energy companies and the dividends pay my energy bills. Similar line of thinking.
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Originally posted by Fred Bloggs View PostDon't spend the interest all at once.......
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Aldermore ups interest rates
A bit of good news, Aldermore have upped their easy access interest rate from 0.5% to a whopping 0.75% (which is probably in itself the best on the market), and backdated to March 25
I wouldn't give them more than £85k though, if you're fortunate enough to do so.Tags: None
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