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Company bank account

Paulw · 2009-06-10 15:51:08

I know this is the personal banking section, but gather my question would equally apply. Our management company are looking to open a new bank account for our sinking fund. Until recently, everything was in the one account, and we just noted how much of a sinking fund we were gathering. Now, it was suggested that we open…

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10-06-2009 4:51pm

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Paulw

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Join Date: September 2001

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I know this is the personal banking section, but gather my question would equally apply.

Our management company are looking to open a new bank account for our sinking fund. Until recently, everything was in the one account, and we just noted how much of a sinking fund we were gathering.

Now, it was suggested that we open the new account with Bank of Scotland, since they have very good rates. I haven't done enough research yet, on rates. Any advice there?

Also, are Bank of Scotland, covered with the govt scheme? I know they opted not to go for the Irish govt scheme, but say they are covered under the UK govt bank scheme. How does that protect funds in Ireland?

Thanks for any help or pointers.

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