New bond from A and L is the business - 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.

New bond from A and L is the business

New bond from A and L is the business

Category: Business

Updated: 10/06/2009
First Published: 10/06/2009

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 It is now over 6 months old so the content may be out of date.

Alliance & Leicester (A&L) has launched a new bond for businesses with a turnover of up to £1 million.

The 12 month fixed rate Business Bond is a 12 month product maturing on 1.7.10, paying 3.20% on a minimum investment of £50K.

The terms of the bond mean no early access or additions are permitted, while the funds have to be new to A&L, which may diminish its appeal slightly.

However, charities with £50K to invest should be pleased to see the launch of this 12 month bond in the fixed rate landscape. At 3.20%, it sits just below the top products in the field and should prove popular.

Clients will have to be sure they can commit funds from the outset but the short term nature of the bond somewhat negates this problem.

The 12 month fixed rate Business Bond has been awarded four out of five Moneyfacts stars.

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 Any products featured may be withdrawn by their provider or changed at any time.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.