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Deposit /saving account options for uk company

I am a director of a closed limited company with an accumulated cash balance which I wish to invest in a savings account. Unfortunatey all the good rates ie. 3.5 to 4% that I have followed up at banks and building societies are only available to private investors.

My bank (NatWest) advise me that my best option is to leave it with them on a low interest account until it reaches over £25k then I can put it on the money market. Does anyone have any better options? Obviously it has to be risk free as a sizeable proportion belongs to the tax man.

Thanks

Reply to
Biffopristinus
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Talk to a broker about investing in government bonds. It is economical to do this for amounts of much less than 25k.

The best option for NatWest is obviously for you to leave the money with them.

Reply to
DP

Standard Life bank and Scottish Widows Bank both have deposit accounts that can be used by companies. Scottish Widows has a minimum balance of £1000, Standard Life is I believe £1.

Reply to
Jonathan Bryce

In message , DP writes

As the dosh is earmaked for the IR it seems likely that access will be needed in the shorter term in which only v.short dated bonds would be any use.

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Reply to
john boyle

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