Can I move money out of my ltd co. and put into a personal savings account ?

...to get good interest rates and then repay money (and interest) back into company ?
or do I have to open a new business account to get best deal for business account money on deposit ?
Thank-you

Hi

The short answer would be no unless there is some binding agreement that the account is held in trust for the company by the directors.

It could be construed as a directors loan as the bank account is no longer under the control of the company but under the control of the director. The intentions of the director are not really relevant here. If he company required an audit this could be a serious issue.

capnhand