Cambridge & Counties Bank, which opened for business in June last year, has launched a new One Year Fixed Rate Business Bond paying 2.20% Gross/AER for balances of between £10,000 and £1 million. The new Cambridge & Counties Bank One Year Fixed Rate Business Bond follows on from the bank’s 30 and 95 Day Notice Business Accounts, which currently pay 1.95% and 1.75% Gross/AER respectively. Gary Wilkinson, chief executive officer at Cambridge & Counties Bank, said: “We are already... Read more >

Small businesses could save themselves nearly £16.5billion a year by taking simple steps to cut costs, without impacting on service or staff, according to new research by Clydesdale and Yorkshire Banks. Despite rising fuel and energy costs, more than half of all Small and Medium Sized Enterprises (SMEs) admitted to reviewing their day-to-day costs only once in a calendar year. Those same businesses admitted they could probably be getting a better deal if they tried but lack of time, or misplaced... Read more >

Almost half (46 per cent) of UK business owners – or 1.3 million people – have no private pension savings to support them in retirement, according to new independent research from Prudential. Of those who have failed to make any private pension provision, more than half (54 per cent) said this was because they simply could not afford to set money aside. Nearly one in five (18 per cent) say they don’t have a pension because they will never retire, and nine per cent claim they have... Read more >

The effect of the market downturn has led to Britain’s entrepreneurs delaying their retirement, according to the latest research from borro’s Enterprise Ladder Report. The study, polling small business leaders across a range of industries, showed that nearly a third (28 per cent) of small business owners have admitted they have been forced to delay their retirement plans over the past three years. Of those aged 55-64 years old, just five per cent are expecting to retire in the next year,... Read more >

Shawbrook Bank has launched a new notice account for business customers. Businesses who deposit a minimum of £25,000 will receive a rate of 3.10 per cent AER (3.10 per cent gross, 2.48 per cent net) on their entire balance, which includes a limited edition 0.20 per cent reward payable for 12 months from the account being opened. After 12 months interest will revert to a competitive 2.90 per cent AER for all balances over £5,000. Businesses can invest any amount from £25,000 to £2,000,000 and... Read more >

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