High interest account for a business

Brickles on 07/04/2020 - 18:08

I have some money in a business that I'd like to earn interest on, but my go-to personal online savings bank (UBank) doesn't allow a business to open an account.

Does anyone know a bank that provides good interest rates for business savings accounts?

Financial

Comments

  • Hybroid on 07/04/2020 - 18:14

    In this current climate? Quite unlikely. My savings are with Natwest UK and they just sent a notice saying interest rates being cut, to 0.01%… With the great GBP to AUD exchange rate right now, might be an option to tranfer it over and invest here if you find something decent.

  • sweefu on 07/04/2020 - 19:19

    I've looked into this a bit as I'm in the same boat.

    ING has a variable rate at 1.25% which seems to be one of the best.

  • Brickles on 08/04/2020 - 09:52

    Thanks for the info. ING is for 6 months only, so that's OK for a while, but then reverts to 0.25%. Looks like bugger-all.

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