The Moneybox Business Saver is currently closed to new customers.

Financial flexibility relates to a business’ ability to manage financial resources and react to changes in circumstance, such as downturns in cashflow or unexpected opportunities.

The key to maintaining financial flexibility for your business comes from having options and creating multiple sources of funds. Here are some ways you could harness our Business Saver to improve your financial flexibility.

 

1. Build an emergency fund

Saving a portion of profits in an easy access business savings account can help you be prepared for unforeseen expenses. Plus, saving regularly during peak seasons allows you to create a safety net to cover expenses in leaner periods.

 

2. Tax planning

You could choose to set aside cash for tax payments in a business savings account to make sure you don’t accidentally eat into them and to avoid cash flow crunches.

 

3. Maintaining a healthy balance sheet

A strong balance sheet with more assets than liabilities demonstrates financial responsibility which could benefit you with potential lenders or borrowing.

 

4. Lowering debt

Saving surplus cash into a Business Saver allows you to earn interest on reserves and grow your contributions. You could choose to use the Business Saver to accumulate enough money to cut down any debts the business holds, in order to improve financial flexibility.

 

 

5. Your ‘act fast’ fund

Just as you can’t predict the downturns that may come, you can’t predict when an exciting opportunity might present itself – but you can be ready to act when it does. Using an easy access saver – like the Moneybox Business Saver – to build up your business’ savings is one way to ensure you’re able to move fast when new opportunities come your way.

 

T&Cs apply.

 

 

Moneybox Business Saver

 

The easy access Moneybox Business Saver allows sole traders and directors of small businesses in the UK to earn interest on their cash reserves. By strategically harnessing our Business Saver, you could enhance your cash flow, build financial resilience, and position your business for growth.

 

  • Earn a competitive rate. Earn interest on your cash reserves.
  • Switch seamlessly between personal and business. Manage your personal and business finances with the app that more than 1 million people trust.
  • Build an emergency fund. Don’t let an unexpected obstacle derail your business.
  • Optimise your cash flow management. Keep your expenses, taxes, or business savings separate.

 

If you’re a limited company or sole trader, the Moneybox Business Saver is for you. You can apply for a Business Saver in minutes with Moneybox. Download the app to sign up and answer a few simple questions to apply. Start saving with a minimum deposit of £500.

The best part? Manage your business and personal finances easily all in one simple app that millions of people use to build wealth with confidence.