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Saffron BS steps up to business plate

Saffron BS steps up to business plate

Category: Business

Updated: 24/10/2011
First Published: 24/10/2011

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 It is now over 6 months old so the content may be out of date.

Saffron BS has given businesses a welcome boost with this latest review of its Corporate Savings Bonds.

The changes have seen the rate increase on the lower tier of £5K to match that already paid on the £250K tier.

For the six month bond, the rate paid is now 2.25%, while the 2.50% paid on the one year account means the bond now offers a return which is amongst the best that a business looking for a short term home for any excess funds can find.

Early access to funds is available, although the account will have to be closed and a penalty paid.

However, for a top notch rate, four out of five Moneyfacts have been awarded.

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