ANT Forum

I run a boutique design agency and every now and then I end up with surplus cash after big invoices clear. Truth is, it sits in our current account earning zero interest until I remember to move it. I want to adopt some best practices for funneling extra funds into an easy-access savings account without losing the agility to cover sudden client expenses. Should I set thresholds for automatic transfers, or use certain tools to switch funds back and forth? Curious what routines seasoned business owners recommend.      

I found that setting a clear buffer in my current account—say £10,000—and auto-sweeping anything above that into a high-yield easy-access account keeps things tidy. I use calendar reminders to review the balance monthly, and I group all statements into a dedicated “Business Savings” folder for quick reference. For a step-by-step guide, check out tax-free savings account. Similar to how a tax-free savings account works for individuals, this lets you earn interest while ensuring you can always pull cash back when a big expense pops up.      

I’ve never thought about doing that for a business—sounds like a great way to squeeze a bit more from your cash without risking liquidity. I just let whatever gets transferred sit there, but having clear rules and automation would definitely simplify things.