Reply to: Ideas on where to put the cash

[BlackenedBiker]

It is not a current account, how many operations do you expect annually ? One to make a deposit, 1-2 to withdraw when CT/divs payment is due ?

And they give you prepaid envelops !

Don't bite, he will get bored soon enough and go back to daytime TV

[Lumiere]

Where did you find them? 1957?

Have to manage your account by post.

Sounds like a recipe for disaster.

It is not a current account, how many operations do you expect annually ? One to make a deposit, 1-2 to withdraw when CT/divs payment is due ?

And they give you prepaid envelops !

[DimPrawn]

Harpenden BS 2.0% Instant
http://www.harpendenbs.co.uk/business-notice.asp

Where did you find them? 1957?

Have to manage your account by post.

Sounds like a recipe for disaster.

[Lumiere]

Harpenden BS 2.0% Instant
http://www.harpendenbs.co.uk/business-notice.asp

[VectraMan]

My Plan B Co. could really do with £50K. If you want to lend it to me I promise* to pay you back at more than didly-squat interest.



*Value of my promise may go down as well as up.

[RichardCranium]

£54k in company bank account

Oh, and convert a third of it to EUR.

Glazza, I think you need to be talking to KentPhilip:

http://forums.contractoruk.com/accou...k-account.html

[DimPrawn]

You'll get 0.5% interest on your 9K if you pay early.

What if you overpaid then (gave them all the £54K) and then got the interest on that and then claimed back the difference later as an overpayment?

[DimPrawn]

rates are so poor, it's hardly worth the effort. Just concentrate on billing every day you can. any day dropped through sick/hols easily wipes out any gains on interest.

WHS.

Even if you found a business bank account that paid 1.0% interest (and I don't think there is one unless you have over £1M to deposit), the annual interest on that amount after tax will be less than one day's pay.

Just be grateful your business bank isn't charging you to run your account.

[cojak]

Oh, and convert a third of it to EUR. You never know when the pound will collapse in a tulipty heap.

But not yet... It could get a bit higher.

I'm going to do that next week..

[ratewhore]

You'll get 0.5% interest on your 9K if you pay early.

[singhr]

rates are so poor, it's hardly worth the effort. Just concentrate on billing every day you can. any day dropped through sick/hols easily wipes out any gains on interest.

[Moscow Mule]

Oh, and convert a third of it to EUR. You never know when the pound will collapse in a tulipty heap.

[Cliphead]

Buy shares in SKA.

[stingman123]

Put some in the attic, some under yor mattress and the rest under the stairs (for a rainy day) thats what I've done anyway....






Sorry...........

[Moscow Mule]

Minimal risk -
Stick it on 3 month deposit.

Maximum risk -
Stick it all on black (or your preferred ETF).