Bath Building Society has unveiled a new 100-day notice account for business savings, earning a coveted place in the Moneyfacts charts.
Business Direct 100 (Issue 6) pays a competitive variable rate of 1.30% yearly, which includes a 12-month bonus of 0.45%. This enables it to take a place among the top accounts in its sector.
This postal-operated account requires an initial investment of at least £2,500. Further additions are welcome at any time (up to the maximum investment limit of £250,000) and an unlimited number of withdrawals can be made. However, 100 days' notice must always be given before making a withdrawal as early access to funds is not permitted.
This newcomer onto the market boasts an eye-catching rate that is sure to appeal to business owners looking for a good home for their non-personal savings. The fact that unlimited additions and withdrawals can be made adds some welcome flexibility, but the competitiveness of this account must be re-evaluated in a year's time when the bonus rate expires.
Moneyfacts rating: Excellent
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