New notice account for businesses | Product News - Moneyfacts

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New notice account for businesses

New notice account for businesses

Category: Business
Date: 20/08/2015

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 It is now over 6 months old so the content may be out of date.

Bath Building Society has unveiled a new 100-day notice account for business savings, earning a coveted place in the Moneyfacts charts.

The basics…

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.

The finer details…

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.

Why we like it…

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

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 Any products featured may be withdrawn by their provider or changed at any time.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 Any products featured may be withdrawn by their provider or changed at any time.

 
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