|
Post by brokenbiscuits on Nov 10, 2015 17:34:46 GMT
To throw my hat into the too much hassle bank account/ratesetter debate...
I have a few bank accounts. I have one ratesetter account.
Once a month in under 10 minutes I sort out my current accounts. I choose to deal with the transactions manually as I need to transfer the interest too. I could shorten this process by setting up Dd's or So's.
Most days I log onto my ratesetter account. I could do this less. But I like to have an idea where rates are and adjust my rate accordingly. Withdraw or invest more as I see it.
I am considerably more "hassled" in the amount of time I spend on ratesetter compared to my time it takes to manage my current accounts. Ratesetter currently pays me a little more for the hassle*.
*Although unmatched on ratesetter for 2 weeks now.
|
|
Investboy
Member of DD Central
Trying to recover from P2P revolution
Posts: 564
Likes: 201
|
Post by Investboy on Nov 12, 2015 12:14:37 GMT
If you're investing via LTD company (or other form of business) RS rates beat any bank.
I have business savings account in Saffron BS and I think they are at 1%, my current account is 0%. I'm not aware of any corporate accounts paying interests.
So although I'd not put my personal money into RS monthly at 3.5% (prefer Lloyds Club), I'm happily stuffing my company's funds there.
|
|