OakNorth improves 12-month business bond | Product News | moneyfacts.co.uk

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OakNorth improves 12-month business bond

OakNorth improves 12-month business bond

Category: Business
Date: 09/11/2017

OakNorth Bank has increased the rate on its one-year business savings bond by 0.10%, which sees it improve its position in the Best Buy chart for its sector and earn a high Moneyfacts rating.

The basics…

The Business Fixed Term Deposit now pays a rate of 1.46% on maturity, which must be compounded.

The finer details…

This online-only account requires a minimum deposit of £10,000. It can be opened by limited companies and limited liability partnerships. No access is allowed before the full 12-month term is up, so businesses will have to ensure they are happy with their chosen investment from the start.

Why we like it…

The improved rate on this account is enough to secure it a competitive place in the Best Buys for its sector, as well as a high rating.

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 Any products featured may be withdrawn by their provider or changed at any time.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 Any products featured may be withdrawn by their provider or changed at any time.

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