Aldermore launches business bonds - Business - News |

News News brings you the latest financial & economic news & reviews of the best products in the UK by our team of money experts.

Aldermore launches business bonds

Aldermore launches business bonds

Category: Business

Updated: 07/06/2012
First Published: 07/06/2012

This article was correct at the time of publication. It is now over 6 months old so the content may be out of date.

Aldermore has entered the business savings market with the launch of two highly competitive bonds.

The six-month fixed rate bond pays 2.35% on maturity or 2.33% monthly, while the one-year fixed rate bond pays 3.25% yearly (3.20% monthly).

Both products can be operated via the telephone or online. The minimum investment required is £1,000 up to a maximum of £1 million.

There is a 14-day cooling off period when funds can be added or withdrawn, although businesses must take note that no interest will be paid if funds are withdrawn.

Four out of five 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 Any products featured may be withdrawn by their provider or changed at any time.