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Better Interest Rates On Business Accounts

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    Better Interest Rates On Business Accounts

    So my plan is to open a TD Waterhouse business trading account and buy fixed income ETFs with the money I have on account.

    Abbey is paying 0% and I can buy government backed gilts (which have low volatility) whilst getting about 3% yield.

    I can also invest in a corporate bond which pays 5%

    Has anyone thought of doing this ??

    #2
    Joey, do you like movies about gladiators?

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      #3
      Originally posted by AtW View Post
      Joey, do you like movies about gladiators?
      ??? Mad

      Comment


        #4
        Originally posted by AtW View Post
        Joey, do you like movies about gladiators?
        Originally posted by joey122 View Post
        ??? Mad


        It's the way you tell 'em!
        My all-time favourite Dilbert cartoon, this is: BTW, a Dumpster is a brand of skip, I think.

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          #5
          Originally posted by joey122 View Post
          So my plan is to open a TD Waterhouse business trading account and buy fixed income ETFs with the money I have on account.

          Abbey is paying 0% and I can buy government backed gilts (which have low volatility) whilst getting about 3% yield.

          I can also invest in a corporate bond which pays 5%

          Has anyone thought of doing this ??
          Why would anyone want to take any of these options when you can get 12% tax free (actually 11% after costs) with the Abbey offshore account??
          Risk free, online etc.

          Comment


            #6
            Originally posted by pzz76077 View Post
            Why would anyone want to take any of these options when you can get 12% tax free (actually 11% after costs) with the Abbey offshore account??
            Risk free, online etc.
            Link to that??

            Comment


              #7
              Originally posted by joey122 View Post
              Originally posted by pzz76077 View Post
              Why would anyone want to take any of these options when you can get 12% tax free (actually 11% after costs) with the Abbey offshore account??
              Risk free, online etc.
              Link to that??
              Do we have to do ALL your homework for you??

              http://www.abbeyinternational.com/do...rest_Rates.pdf

              Comment


                #8
                Originally posted by pzz76077 View Post
                Why would anyone want to take any of these options when you can get 12% tax free (actually 11% after costs) with the Abbey offshore account??
                Risk free, online etc.
                Because you have to pay into a Gold Account and can then transfer 20% of that transfer into the offshore account, up to a maximum of £2500 a month.

                And strictly speaking they are only available to individuals, so you'd need to take the money out of the business before you can do that.
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                  #9
                  Originally posted by TheFaQQer View Post
                  Because you have to pay into a Gold Account and can then transfer 20% of that transfer into the offshore account, up to a maximum of £2500 a month.

                  And strictly speaking they are only available to individuals, so you'd need to take the money out of the business before you can do that.
                  Oh, and you need £50k across your accounts with them.
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                  Click here to get 15% off your first year's IPSE membership

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                    #10
                    Originally posted by joey122 View Post
                    Link to that??
                    http://www.abbeyinternational.com/MOS.asp Only £250 needed to open an account.

                    (You can open as many accounts as you like BTW, and can have company accounts- different application form, higher costs so not too sure why you would want to do this with what is essentially your money).

                    There are also many other options - For example Im currently getting 14.92 tax free after costs from BOA, but there restrictions.



                    PZZ
                    Last edited by pzz76077; 6 December 2009, 20:41.

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