Teachers Building Society has increased the rate on its one-year fixed rate business bond by 0.15%, helping it storm into the Moneyfacts charts for short-term saving.
Business Bond (Issue 1) now pays 1.60% to 25.8.15, subject to a minimum investment of £10,000.
This account can be opened and operated by post only. Further additions are permitted while the issue remains open but withdrawals and early access are not, so businesses must be comfortable with the term from the outset.
This postal-operated account offers a top 10 rate for businesses seeking a short-term investment and comfortably joins the best buys for its term.
Four Moneyfacts Stars have been awarded.
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