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Latest Business Savings Accounts Deals
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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.








Written by Editorial Team