Abbey launches time deposit
Abbey Business Banking has launched a market leading Time Deposit with a rate of 2.6 per cent, with a six month term.
Available to new and existing Abbey Business Banking account holders, the deposit will offer the opportunity for customers with a turnover of £1 million or less, who are paying in funds from outside Abbey to make the most of their money.
Sue Hayes, Head of Abbey Business Banking said: “With interest rates falling we wanted to offer our customers a safe and profitable way to save their money. This product allow SMEs to safely invest their funds in the short term, with the bonus of market leading growth over six months.
“Abbey Business Banking is committed helping SME’s maximise their business potential, offering free banking forever alongside a range competitive products.”
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