New Business Bank Account Unlocks £1bn Additional Cash Flow for UK Businesses and Pays 1% Interest

New Business Bank Account Unlocks £1bn Additional Cash Flow for UK Businesses and Pays 1% Interest PR Newswire CAMBRIDGE, England, October 17, 2012 CAMBRIDGE, England, October 17, 2012 /PRNewswire/ -- CashFlows today announces a unique business bank account in the UK that will enable businesses to increase their cash flow through an immediate reduction in expenditure on bank charges. The CashFlows Account will consolidate existing business banking services, simplify financial processes and reconciliations and reward customers with higher interest and lower fees. Through a ground-breaking agreement with Shawbrook Bank, the CashFlows Account will pay customers a market leading 1 per cent interest on all current account balances. Modelled on a range of business types and industry data, CashFlows can reduce the amount a business spends on fees and charges by up to 40 per cent, allowing them to 'recycle' that cash back into their day to day business operations. Businesses are able to instantly check the money they can make and the interest that they can earn using the CashFlows Calculator. The CashFlows Account brings together a wide range of domestic and international payment standards and consolidates business banking services into one account, simplifying the day-to-day management and banking reconciliation of many businesses. According to research conducted online by YouGov, British small businesses alone collectively spend more than £2.