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| Subject:
UK High Interest Business Account
Category: Business and Money > Small Businesses Asked by: danwinchester-ga List Price: $10.00 |
Posted:
18 Feb 2004 03:58 PST
Expires: 19 Mar 2004 03:58 PST Question ID: 307914 |
In the UK, Ing Direct (http://www.ingdirect.co.uk) offer interest rates of 4.3% AER to personal savers. Where can I get a similarly high rate of interest from a UK business (savings) bank account? |
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| Subject:
Re: UK High Interest Business Account
From: scribe-ga on 18 Feb 2004 07:55 PST |
Hello Dan, A preliminary search indicates finding an equivalent rate for a business account might be difficult. I consulted two sites. The Royal Bank of Scotland's site: http://www.rbs.co.uk/Small_Business/Deposit_Accounts/Corporate_Money_Market_Account/rates.htm And this site which allows limited "comparison shopping." http://www.reviewcentre.com/products294.html You will note that the RBS rate of well below 4 percent requires that a large minimum payment be maintained. scribe_ga |
| Subject:
Re: UK High Interest Business Account
From: danwinchester-ga on 18 Feb 2004 09:09 PST |
> A preliminary search indicates finding an equivalent > rate for a business account might be difficult. I agree, which is why I asked the question here :o) |
| Subject:
Re: UK High Interest Business Account
From: probonopublico-ga on 18 Feb 2004 12:57 PST |
It's bizarre but (in the UK) Interest on Business Accounts is typically lower than for Personal Accounts, even though the amounts may be larger. It simply does not make sense (to me). |
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