Business notice accounts stays in charts | Product News - Moneyfacts

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Business notice accounts stays in charts

Business notice accounts stays in charts

Category: Savings
Date: 12/01/2015

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 It is now over 6 months old so the content may be out of date.

Shawbrook Bank has made a slight reduction to its 100-day business savings account. However, the account remains competitive and retains its place in the Moneyfacts charts.

The basics…

100 Day Notice Business Savings Account Issue 11 now has a yearly rate of 1.25%, earning it a continued place among the top 10 of its sector.

The finer details…

This account must be opened by post with a minimum investment of £5,000. It can then be managed by post and phone.

Further additions are permitted while the issue remains open and it is also possible to make unlimited withdrawals, provided 100 days' notice is given. However, this deal does not allow early access to funds, so savers must plan ahead when making withdrawals.

A charity version of this account is also available at the same rate.

Why we like it…

This is a competitive offer for businesses looking to earn a decent return on their savings. The rate is an attractive one and the option to make further additions and unlimited withdrawals adds to the appeal. However, business owners must remember that 100 days' notice must always be given to access funds, so planning ahead will be necessary.

Four Moneyfacts Stars have been awarded.

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 Any products featured may be withdrawn by their provider or changed at any time.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 Any products featured may be withdrawn by their provider or changed at any time.

 
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