Business Deposit Accounts

By: Alistair Leckie

?It is essential that all ofthe funds that the business has are working as hard as possible so that evenmoney that is not required for day to day expenses or investment can contributeto the overall profits.

By keepingexcess funds in a specialist , acompany is able to be certain that the money is generating a good return onbehalf of the company, rather than simply sitting in a current account earningno interest.

Typically,deposits in a business savingsaccount will earn a much higher level of interest than you wouldget from your current account – banks such as Alliance & LeicesterCommercial Bank offer in excess of 5% on balances, meaning that even if yourmoney is not being used to fund immediate projects, it is still earning anexcellent rate of return.

One of themain advantages of an instant access is that your money is available as soon as it is needed,so your company can be confident that funds are not tied up and inaccessible ifany short term cash flow problems that require immediate attention arise.

Investingbusiness savings properly can make a major difference to companies of allsizes, so whether you are a large corporation, or a smaller operation, youshould make the best use of all of your assets to help your company to grow.

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