Cambridge & Counties Bank has unveiled a new notice savings account for businesses, which has stormed straight into a market-leading position for its sector.
95 Day Notice Business Account Issue 5 pays a highly competitive 1.75% yearly (1.74% monthly), enabling it to take pole position among its competitors.
This account can be opened and operated online and by post with an initial deposit of at least £10,000. Savers should note that access is via a nominated account.
Further additions can be made at any time by cheque or via a nominated current account. Unlimited, penalty-free withdrawals are also permitted; however, there is no opportunity for early access, which means 95 days' notice must always be given.
This notice account offers businesses an eye-catching rate that promises to deliver a decent return on any investment. The option of a monthly interest rate is an added bonus that offers welcome flexibility. However, businesses should note that no early access is allowed with this account, which means withdrawals will need to be carefully planned.
Moneyfacts rating: Excellent
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