Businesses still hold £176bn in zero interest bank accounts, LFWM finds

The sum being held in zero interest accounts has risen by 80% from the £98.9bn that was kept in zero-interest accounts just five years ago

UK businesses are still holding £176bn in bank accounts that offer zero interest despite rising interest rates and high inflation eating away at the value of their cash, according to Lubbock Fine Wealth Management (LFWM).

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