Do the business with Hanley Economic - Business - News - Moneyfacts

News News brings you the latest financial & economic news & reviews of the best products in the UK by our team of money experts.

Do the business with Hanley Economic

Do the business with Hanley Economic

Category: Business

Updated: 15/07/2011
First Published: 14/07/2011

This article was correct at the time of publication. It is now over 6 months old so the content may be out of date.

Hanley Economic BS has launched a new variable rate account that guarantees to pay significantly more than the 3 month LIBOR rate.

The Corporate Tracker pays a rate of 2.08% and is guaranteed to pay 1.25% above 3 month LIBOR for 12 months (reviewed quarterly).

After 12 months the account reverts to the Corporate Saver.

This new edition to the business account portfolio of Hanley Economic BS has been launched to encourage businesses to move funds to it, as 50% of the funds deposited must be new to the society.

At 2.08% from £1K, it is one of the market-leading no notice accounts so should prove popular.

The fact that it tracks 1.25% above the 3 month LIBOR rate for the first year (reviewed quarterly) may appeal to those who need some certainty about what their returns will be.

A review will need to be carried out after 12 months as the account will revert to the Corporate Saver terms and so the rate is likely to reduce.

Four out of five Moneyfacts stars have been awarded.

Looking for the right Business account? Compare Business accounts

Disclaimer: Information is correct as of the date of publication (shown at the top of this article). Any products featured may be withdrawn by their provider or changed at any time.

Related Articles

Business Moneyfacts Awards finalists announced

Are you in the field of business finance? Then you’ll be familiar with the Business Moneyfacts Awards, the highlight of the year for the industry, and you’ll also be pleased to hear that the finalists for the 2017 ceremony have just been announced!

Business owners – do you have a cash buffer?

Building up a cash buffer can be a vital part of business management, particularly in uncertain times. It’s therefore little surprise to find that SMEs built up significant cash reserves in the lead up to the referendum.

Business owners – are you missing out on returns?

Running a successful company demands strong organisational skills, business acumen and a keen eye for finances, which is why it’s so surprising that many business owners could be missing out on returns because they don’t know their interest rate.