Santander has improved the rate paid on its business bond.
The 1 Year Fixed Rate Business Bond now offers a rate of 2.75% (+0.25%) on a minimum investment of £50K.
Earlier access and further additions are not permitted on this account which is available to businesses with a turnover of up to £1 million.
Funds must be new to Santander, although the product is also open to maturing Business Bond customers.
The account now sits comfortably within the top five of this sector so should appeal to businesses with excess funds to put aside.
As with most bonds access is not permitted during the term so clients need to be certain they can commit funds for the full term.
Four out of five Moneyfacts stars have been awarded.
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 Any products featured may be withdrawn by their provider or changed at any time.
Moneyfacts.co.uk will, like most other websites, place cookies onto your computer’s
hard drive. This includes tracking cookies.