Secure Trust Bank has launched a long term bond which should take the business savings market by storm.
Paying a top rate of 5.10%, this five year fixed rate bond requires a minimum investment of £1K.
It welcomes additional investments while the issue remains open.
However, early access to funds is not allowed, meaning businesses and charities will have to be certain they can commit their funds for the full five year term.
A similar bond has also been launched for individual savers which pays the same excellent rate.
Four out of five Moneyfacts stars have been awarded.
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