Business bond stays in the charts | Product News - Moneyfacts

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Business bond stays in the charts

Business bond stays in the charts

Category: Business
Date: 15/03/2016

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 It is now over 6 months old so the content may be out of date.

Bank of Cyprus UK has reduced the rate paid on its one-year business bond, but despite this, it has managed to keep its prized place in the Moneyfacts charts thanks to its ongoing competitiveness.

The basics…

The one-year version of Business FlexiBond now pays an attractive rate of 1.35% on maturity, a top-10 rate for its term.

The finer details…

This account can be opened and operated in branch and by post with an initial investment of at least £10,000.

Further additions are not permitted, but unusually, penalty-free access to up to 30% of invested funds is allowed on the provision of 35 days' notice, giving business owners some desirable flexibility. As an added incentive, a cashback donation of up to 0.10% can be made.

Why we like it…

Business owners looking for a competitive home for their non-personal savings are likely to eye up this deal thanks to its competitive rate and surprising flexibility – the option to access a portion of funds without charge, albeit upon notice, gives this deal a definite boost in the attraction stakes and firmly secures its place in the charts.

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 Any products featured may be withdrawn by their provider or changed at any time.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 Any products featured may be withdrawn by their provider or changed at any time.

 
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