Good savings investment
Discussion
Have been looking at this myself.
Aldermore do a 4.51% business savings account but you have to keep the money there for a year. There's a 6 month option @ 4.25% and an instant access one @ 3.66%.
The utopia of good interest rates, limited risk and easy access seem to be noticeable by their absence.
Aldermore do a 4.51% business savings account but you have to keep the money there for a year. There's a 6 month option @ 4.25% and an instant access one @ 3.66%.
The utopia of good interest rates, limited risk and easy access seem to be noticeable by their absence.
I like WiseAlpha - obviously it's labelled very high risk, but you can put say £100 into each of 80ish bonds from FTSE companies. I'm averaging 8.5% interst and bond capital value is breaking even (some have risen, some have fallen) and all interest payments I buy more bonds as and when I get to £100 of interest. If you put all your money in jsut a handful of company bonds e.g. Thames Water paying extremely high % then that woudl jsut be stupid. I've not even put £100 into Thames Water risk of them going bust is too high.
Mr Overheads said:
I like WiseAlpha - obviously it's labelled very high risk, but you can put say £100 into each of 80ish bonds from FTSE companies. I'm averaging 8.5% interst and bond capital value is breaking even (some have risen, some have fallen) and all interest payments I buy more bonds as and when I get to £100 of interest. If you put all your money in jsut a handful of company bonds e.g. Thames Water paying extremely high % then that woudl jsut be stupid. I've not even put £100 into Thames Water risk of them going bust is too high.
Which is lovely. But not what the OP asked for.Mr Overheads said:
I like WiseAlpha - obviously it's labelled very high risk, but you can put say £100 into each of 80ish bonds from FTSE companies. I'm averaging 8.5% interst and bond capital value is breaking even (some have risen, some have fallen) and all interest payments I buy more bonds as and when I get to £100 of interest. If you put all your money in jsut a handful of company bonds e.g. Thames Water paying extremely high % then that woudl jsut be stupid. I've not even put £100 into Thames Water risk of them going bust is too high.
Jesus H,Shouldn't this be called "unwise gambling Alpha"?
If you need a savings account for your business, here's a comparison site: https://moneyfactscompare.co.uk/business/business-...
Obviously the type of product you choose will be determined by how instantly you're likely to need access to the funds.
Obviously the type of product you choose will be determined by how instantly you're likely to need access to the funds.
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