1-yr business bond tops the charts | Product News - Moneyfacts

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1-yr business bond tops the charts

1-yr business bond tops the charts

Category: Business
Date: 29/05/2015

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 It is now over 6 months old so the content may be out of date.

Aldermore has amended its business deposit accounts by up to 0.24%, sending its one-year fixed bond straight to the top of the Moneyfacts charts.

The basics…

The one-year version of Customised Fixed Rate Account now pays 1.90% on maturity (1.88% monthly), making it the joint market-leader of its sector.

The finer details…

This account must be opened online and then managed by phone or online. An initial investment of at least £1,000 is required.

Further additions and access to funds are permitted, but only within the first 14 days after the account has been opened. If a withdrawal is made during this period, no interest will be paid.

Why we like it…

This account now sits at the top of the charts, something that is sure to catch the eye of business owners. In addition, the flexibility of further deposits and a monthly interest option cements this deal's status as a true all-rounder. However, business owners must bear in mind that no access is permitted after the 14-day period has expired, so they must be comfortable locking their money away.

Moneyfacts rating: Excellent

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 Any products featured may be withdrawn by their provider or changed at any time.

 

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 Any products featured may be withdrawn by their provider or changed at any time.

 
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