I currently have a reserve a/c with Cater Allen. Their rates are :
Balance Gross % p.a.* AER%**
£500000+ 5.25 5.38
£100000+ 4.8 4.91
£50000+ 4.7 4.8
£25000+ 4.6 4.7
£10000+ 4.4 4.49
£5000+ 3.1 3.14
The usual way to draw money from the company is a lowish salary (10.5K) + dividends (roughly 28K). However, the rest of the money will stay in the account for a few years to tax advantage of tax beneifts ie. taper. In that case is it not important to ensure you get the highest rate possible. I assume CA don't offer the best rates. Anyone out there have another account that can beat these rates?
Balance Gross % p.a.* AER%**
£500000+ 5.25 5.38
£100000+ 4.8 4.91
£50000+ 4.7 4.8
£25000+ 4.6 4.7
£10000+ 4.4 4.49
£5000+ 3.1 3.14
The usual way to draw money from the company is a lowish salary (10.5K) + dividends (roughly 28K). However, the rest of the money will stay in the account for a few years to tax advantage of tax beneifts ie. taper. In that case is it not important to ensure you get the highest rate possible. I assume CA don't offer the best rates. Anyone out there have another account that can beat these rates?
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