Scottish Widows Bank has launched a new business bond that boasts one of the top rates in the short term market.
The 1 Year Business Fixed Term Deposit can be operated by post or telephone maturing on 19.8.10, and pays 3.00% a minimum investment of £10K on maturity.
Bank base rate is paid until the start date of 19.8.09, while interest on deposits of £50K and over is paid gross. 0.20% commission per annum paid quarterly in arrears on IFA introduced accounts.
Early access is only available on close of the account with no interest paid, although this added flexibility might add to its appeal.
The new issue of this bond has been awarded four out of five Moneyfacts stars.
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