Abbey Business Banking has launched a new limited edition nine month fixed rate Business Bond, at a rate of 2.80 per cent gross pa (2.81 per cent AER), maturing on 1 February 2010.
This new Business Bond is available for business savings of between £50,000 and £2 million, and is strictly limited – it will only be available whilst funds last.
Paula Ickinger, product executive at Abbey Business Banking commented: “With the Bank of England base rate at an all time low, Abbey’s new Business Bond provides certainty of return for business savers. This is a limited opportunity to invest anything from £50,000 to £2,000,000, and savers will get a guaranteed return which is significantly above the current bank base rate.
“Abbey Business Banking is committed to helping SMEs maximise their business potential, offering free banking, alongside a range of great products.”
The features of this account include:
- An interest rate of 2.80 per cent gross (2.81 per cent AER) fixed over the term of the bond
- Interest payable on maturity, on 1st February 2010
- Minimum balance £50,000
- Maximum of £2,000,000
This product is a strictly limited offer and is available for money currently held outside Abbey.
