1-yr business bonds keep chart place | Product News - Moneyfacts

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1-yr business bonds keep chart place

1-yr business bonds keep chart place

Category: Business
Date: 21/04/2016

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 It is now over 6 months old so the content may be out of date.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 reduced the rates paid on select business savings accounts by up to 0.25%; however, its one-year deals have proved their staying power by retaining chart places.

The basics…

Fixed Rate Business Savings Account – 1 Year and the one-year version of Customised Fixed Rate Account now both pay a competitive rate of 1.50% on maturity (1.49% monthly), enabling them to sit just behind the current market-leaders.

The finer details…

Both accounts must be opened online but they can then be managed either online or by phone. Business owners are allowed to make further additions for up to 14 days after an account has been opened but early access to funds is not permitted.

Why we like it…

Business owners who are looking for a short-term home for their non-personal savings are likely to continue to eye these deals with interest, particularly given their position just behind the current market-leaders. The fact that they allow further additions, albeit for a limited time, and have a monthly interest option, further add to their appeal.

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 Any products featured may be withdrawn by their provider or changed at any time.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 Any products featured may be withdrawn by their provider or changed at any time.

 
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