Small Businesses Putting Money Aside

Published: 7/8/2010

The Bank of Scotland has found that small businesses are saving some of their money rather than investing it back into the business.

Of the 1,000 small business owners surveyed by the Bank of Scotland over three quarters of them felt the uncertainty surrounding the economy at the moment meant it was best to save their money rather than investing it in the business. Over the coming year 38 percent of respondents planned to save their money to invest in the business later while 37 percent wanted to use it to earn interest.

Small business owners were also advised by the Bank of Scotland that its Total Business deposit account could help save them money, something that, by the sound of it, is very important to them.