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.
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.
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.
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.
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