Hello,
I've been doing some research into business savings accounts as a way to build a bit of cash on company profits (and to ensure that these are protected across institutions by the FSCS). I will be keeping a good chunk of cash in the account for tax and unexpected payments etc. For the remainder it seems logical to deposit in something that can increase in value over time.
I've come across B.F.C. Bank. They offer a 12 month fixed term business savings account with 2.5% interest. This is quite a bit above what other institutions are offering. The closest alternative I've found is Aldermore's business savings account that offers 2.25% with 5 years fixed term. Thing is, the BFC 2.5% savings account cannot be accessed online.
I'm a little nervous and want to see if anyone has had any experience dealing with BFC? My alternative is Aldermore. So any feedback on them will be gratefully received too.
Thanks all
I've been doing some research into business savings accounts as a way to build a bit of cash on company profits (and to ensure that these are protected across institutions by the FSCS). I will be keeping a good chunk of cash in the account for tax and unexpected payments etc. For the remainder it seems logical to deposit in something that can increase in value over time.
I've come across B.F.C. Bank. They offer a 12 month fixed term business savings account with 2.5% interest. This is quite a bit above what other institutions are offering. The closest alternative I've found is Aldermore's business savings account that offers 2.25% with 5 years fixed term. Thing is, the BFC 2.5% savings account cannot be accessed online.
I'm a little nervous and want to see if anyone has had any experience dealing with BFC? My alternative is Aldermore. So any feedback on them will be gratefully received too.
Thanks all
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