Business Banking News Latest Business Savings Accounts Deals 18471894


Business Banking News Latest Business Savings Accounts Deals 18471894 Fair Investment
Business Banking News Latest Business Savings Accounts Deals 18471894 Fair Investment

Latest Business Savings Accounts Deals

30 January 2013 / by Isabel Buxton

 

For many businesses, cash that’s not being used for immediate capital will usually work harder for you interest-wise if you store it in a business savings account rather than a current account. If you haven’t yet opened an account, or you’ve found that your current provider is no longer competitive, we’ve put together a selection of business savings accounts that are worth considering this month.* 

Latest notice account deals

If you don’t want to tie up potential business capital for too long, a notice account might be for you. Currently, Cater Allen is offering a 30-day notice account for businesses paying 1.35% gross/AER, with deposits from £5000. For those with more money to save, Manchester Building Society offers the Business Savings Tracker Issue 2 which gives new business customers a 45 day notice account with an interest rate of 1.75% gross/AER . Deposits can range from £10,000 to £250,000.

Latest fixed rate bond deals

For those looking to save for a longer period of time, Principality is currently offering two business fixed rate bonds, which are exclusively available through Fair Investment Company. Both bonds require a deposit of between £10,000 and £5 million. The Intermediary 9-Month Business Bond offers a rate of 1.05% AER fixed with a minimum deposit of £10,000. For those looking to tie up cash for a little longer, the 18-Month Business Bond offers 1.25% AER fixed.

Latest fixed rate bond alternatives

If you are prepared to tie up cash for a set period, you might be interested in an alternative to a fixed rate bond known as a structured deposit plan. These typically have a three to six year term offer the potential for market-linked returns. Societe Generale is currently offering a six year deposit plan which aims to repay your initial deposit after six years and also provide fixed income returns of 7% gross/AER dependent on the performance of the FTSE 100.

No news, feature or comment should be seen as a personal recommendation to invest. If you are in any doubt as to the suitability of a particular investment you should seek independent financial advice.

* Data accurate as of 30/01/2013.

© Fair Investment Company Ltd
  




Business Savings Selection
Provider Account Rate Term Apply
1.71% 12 Months More Info >
1.71% gross/AER. Deposit between £10,000 and £1,000,000. Open and manage account online. Must be a registered business for at least 2 years and paying UK tax. No additional deposits or withdrawals
1.50% 1 Year More Info >
1.50% gross/AER. £1,000 minimum opening balance. No withdrawals.
1.10% 6 Months More Info >
1.10% gross/AER. Deposit between £10,000 and £1,000,000. Open and manage account online. Must be a registered business for at least 2 years and paying UK tax. No additional deposits or withdrawals
1.00% 95 Day Notice More Info >
Earn a higher rate of interest if you don;t need immediate access to your savings, with interest paid monthly or annually. Open to businesses with fewer than 250 employees and a turnover or assets of up to £45 million.
1.00% 6 Months More Info >
1.00% gross/AER. £1,000 minimum opening balance. No withdrawals.
0.90% 1 Year More Info >
A highly competitive rate of interest if you can lock your savings away for 1 year, with interest paid on maturity. Open to businesses with fewer than 250 employees and a turnover or assets of up to £45 million.
0.85% Easy Access More Info >
0.85% gross/AER. £1,000 minimum opening balance. Unlimited withdrawals.
0.51% 3 Months More Info >
0.51% gross/AER. Deposit between £10,000 and £1,000,000. Open and manage account online. Must be a registered business for at least 2 years and paying UK tax. No additional deposits or withdrawals
0.50% Instant Access More Info >
Instant access account for – BUSINESS, CHARITIES, HOUSING ASSOCIATIONS, CLUBS & PARTNERSHIPS – Interest paid monthly or annually. Open to organisations with fewer than 250 employees and a turnover or assets of up to £45 million.

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Written by Editorial Team