According to a poll carried out by Fair Investment Company, 99% of businesses say they are unhappy with their savings account rate.

The average rate for an instant access business savings account is just 0.52%, and three year fixed deals are not offering much better, with the average just 1.05%.

With rates like this, it is no surprise the satisfaction levels are so low, says David Doulton, director of Fair Investment Company.

“The base rate is still at its historic low of 0.5%, so it is inevitable that rates will be fairly low across the board, but rates for businesses are particularly bad, especially when you compare them with the equivalent personal savings accounts.

“While the average personal instant access account is offering 0.74%, the equivalent business account is 0.52%. Read more…