At last - high interest rates available for instant access of Business Funds
The drop in interest rates has meant that many ProfessionalContractors and Freelancers are not receiving interest on their currentaccounts or some high interest accounts and so it may be worth youreviewing which accounts you use for your business.
No one likes changing banks or current accounts but luckily you cannow access high rates of interest and not have to change bank.
Blevins Franks Limited Chartered Accountants are pleased to act asintroducers for Scottish Widows Bank for Business Fund Accounts with avery competitive interest rate. We receive a commission for introducingthese services to you which is offset against any fees that we wouldhave charged for helping you with the paperwork.
The benefits
- Consistently Strong interest rates
- Simple application form no Money Laundering Requirements
- Instant Access no strings attached
- Strong Scottish Widows Brand with the backing of Lloyds Group.
- Separate License from LTSB, HBOS and C&G under the investor compensation scheme.
- Easy access via Phone (uk call centre), internet or post
How it works
- Director completes and application form and a direct debit authority from the Company Current Account.
- On confirmation that the account is open the Director can transfermoney between the Current Account and the Business Fund Account.
- The Business Fund Account can only receive money from and pay money to the nominated Company Current Account.
- Keep your excess funds in the Business Fund Account and start earning interest.
Current Interest Rates
Business Fund Account - used for Business, Trusts, Sipp, Ssas, Charities, Clubs and associations
£500 - £49,999 1.75% (this includes a 6mth bonus of 0.5%)
£50,000 plus 2% (this includes a 6mth bonus of 0.5%)
This account is instant access.
Pension Fund Account - Used for Sipp and Ssas money
Up to £49,999 1.75%
£50,000 + 2%
This account is instant access.
This offer is open to anyone who has a business and already has acurrent account for that business, and the current offer is not justfor our clients.