I may switch, I don't have a lot happening in my business bank, I get zilch interest at present, although I don't pay any banking fees. Yorkshire Bank
Something is better than nothing I guess but the banks must be pmsl as compared to the interest rates they charge to lend money your basically taking a hit on your money as it devalues due to inflation
Even with a small business you would want a £5k-£10k buffer. Might as well get some interest on it.
I must be thick then as surely inflation erodes the value of any money in the account. Personally if I had a business account I'd simply just put money in just before money was due to go out
Business banks normally pay terribly low interest rates 0.05% Many small businesses keep money in the business account for future plans or sometimes would not withdraw it for tax reasons. So at least with this account the money can gain interest.