Business account savers urged to invest as banks slash returns to 0.07%

Simon Crookall, InvestEngine’s Founder, said: “Interest rates on business savings accounts were low even before the pandemic, but banks are now paying literally next-to-nothing. More small businesses should be looking at investment accounts for at least some of their cash reserves.

InvestEngine’s Business Account combines the opportunity for higher returns from stockmarket investing, with easy online access.

Businesses can choose Income or Growth portfolios for their account, with InvestEngine Income portfolios offering estimated yields of 1.9%, 3% and 4.6% a year.

InvestEngine portfolios consist of low-cost Exchange-Traded Funds (ETFs) and are built to suit each small business’ risk profile.

InvestEngine Business Accounts:

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Inbolt goes global as it expands into the US and Japan

Low management fee of just 0.25% a year
No initial, dealing or withdrawal fees
Annual ETF costs (including ETF market spreads) average 0.36% for Income portfolios, 0.21% Growth portfolios
Easy, online access
Estimated income yields of 2.4%, 3.3% or 5.5% a year, depending on portfolio
Portfolios built to suit each small business’ risk profile
Free Legal Entity Identifier (LEI) for first year
£2,000 minimum investment

2021-02-15