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Saffron BS adds business account spice

Saffron BS adds business account spice

Category: Business

Updated: 13/04/2011
First Published: 13/04/2011

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 It is now over 6 months old so the content may be out of date.

Saffron Building Society has extended its range of business accounts with the launch of a variable rate tracker account.

Paying 2.00%, the One Year Fixed Term Tracker Corporate Bond is an attractive proposition in what is a very limited market.

As is usual with bonds, businesses will need to be certain how much they can invest from the outset, as earlier access to funds is on closure of the account only and subject to penalty.

However, that the rate is guaranteed to be 1.50% above base rate enhances the account's appeal.

Requiring a minimum investment of £5K, this deal earns four out of five Moneyfacts stars.

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 Any products featured may be withdrawn by their provider or changed at any time.

 
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