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Best business savings account?

Neil3030 · 2009-03-25 20:59:48

Howdy folks, So I'll cut to the chase, my business generates a fair bit of cash flow so we're looking to start letting surplus cash 'rest' (ah la Fr Crilly :P) in an interest earning account. I know interest rates are through the floor at the minute, but I did a bit of shopping around and came up with: Anglo's One Month…

25-03-2009 8:59pm

#1

Neil3030

Registered Users, Registered Users 2 Posts: 17,154 ✭✭✭✭

Join Date: March 2001

Posts: 16707

Howdy folks,

So I'll cut to the chase, my business generates a fair bit of cash flow so we're looking to start letting surplus cash 'rest' (ah la Fr Crilly :P) in an interest earning account. I know interest rates are through the floor at the minute, but I did a bit of shopping around and came up with:

Anglo's One Month Flex:
Interest rate reviewed every month - at the minute they're offering 1.13%
Online facility, usually can access funds within 2-3 business days

BOI's Demand Deposit:
Interest rate of around 1%
Online facility, usually can access funds within 2-3 business days
Can be used in conjunction with a BOI BOL account for instant transfers etc.

Rabobank's Business Account:
Interest rate of 2%
Onlince facility, according to their customer service rep, if you implement a transfer before midday it will be in your account by the next day.

We'd need pretty speedy access to the funds so by the looks of things the Rabbo account is the best option; has anyone any recommendations over and above this? ECB at around 1.5 it's hard to see anyone going any higher, but if anyone knows of any institutions we can use (legally!) I'd really appreciate a tip off.

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