Business Savings Accounts

[pkm]

Of course you can. I have two already apart from my current account. I'm looking for more mainly for FSCS. You can even do Notice accounts or Term Deposit if you're ok to not touch it for a period of time.

I have Virgin Money and Investec (not open to new). Virgin Money has FreeAgent feed.


https://moneyfacts.co.uk/business/on...usiness-bonds/
https://uk.virginmoney.com/business/...ice%20accounts

[mgrover]

or just pay the tax early as HMRC are paying 3% interest from next week.


HMRC interest rates for late and early payments - GOV.UK (www.gov.uk)

This might actually be the best solution, and damn 3%

[Lance]

or just pay the tax early as HMRC are paying 3% interest from next week.


HMRC interest rates for late and early payments - GOV.UK (www.gov.uk)

[jamesbrown]

Why don't you just check one of the comparison sites?

The answer, of course, is "yes". Choose one with your preferred terms:

https://moneyfacts.co.uk/business/bu...ings-accounts/

If you're looking for recommendations based on experience, there's a ton of threads around here.

The best you will probably get right now with some notice is the Cater Allen 35-day notice account paying 2.85%.

If you're willing to take risk (not FSCS protected), then Wise accounts can be rendered "interest" bearing at roughly the central bank rate (a bit below - e.g., ~4% in USD vs. the 4.5% Fed rate) in your chosen currency, but these are backed by gov't borrowing, so the capital is at risk.

Most business easy access accounts are paying 2%, which is a lot less than equivalent personal accounts.

[mgrover]

Well I have a chunk of change thats the corp tax thats burning a whole in the virtual pocket of my business bank account.

Can I get a business savings account to make some monies on it? Given interest rates are on the up may as well make some profit from it.

If so can anyone recommend an account?

Cheers