Earn 8% In Your Business Bank Account

**King Cnvt** · 17 July 2007, 07:30

This 8% is only paid on the first £2,500; any amount in excess of this threshold earns a before-tax tiered rate which depends on the account balance. These tiered rates range from 0.75% a year under £5,000 to 3.50% a year on £100,000+.

I have a business bank account that pays 8000%* interest.

* Only on the 1st 1p

**Gary_Jones** · 18 July 2007, 21:41

Abbey have been great for me so far, the website is especially good and the setup was straightforward. They do not offer over the counter service though.

Not being able to use a counter seems a big loss on paper, but I've not needed to at all so far.

A+ for me, and its earn't me a pretty penny in interest already!

**ittony** · 19 July 2007, 13:58

What's the consensus on a good business deposit account now, in these high interest rate days?

**Hex** · 19 July 2007, 14:39

I use both Alliance and Leicester and Northern Rock for business deposit accounts. NR pays higher rates but is operated by post only, A&L has internet access.

**el duder** · 19 July 2007, 15:56

Originally posted by Hex

I use both Alliance and Leicester and Northern Rock for business deposit accounts. NR pays higher rates but is operated by post only, A&L has internet access.

I use NAtwest and get piddle all interest, like zero!?

Am i doing something wrong here?

**Rocket** · 20 July 2007, 10:47

Originally posted by el duder

I use NAtwest and get piddle all interest, like zero!?

Am i doing something wrong here?

Only if you think the bank is being fair by not paying you interest...

I use A&L as well, their rates (on a deposit account) are base rate - 0.90% on balances < 50k and base rate - 0.20% on balances 50k+. Their current account pays base rate + 0.60% on the first £1000 and 0.10% on anything after that...

Stick £1000 in the current account and keep the rest in the deposit account...

**PAG** · 20 July 2007, 12:50

Is it ok to have business account with 2 different banks ??

**minstrel** · 20 July 2007, 14:23

Originally posted by PAG

Is it ok to have business account with 2 different banks ??

Yes - can't see why not. MyCo does.

Earn 8% In Your Business Bank Account