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Business bond competes

Business bond competes

Category: Business
Date: 11/10/2017

OakNorth Bank has increased the rates on its fixed business deposit accounts by up to 0.13%, which sees its 12-month bond enter the Best Buy chart for its sector in a competitive place and earn a high Moneyfacts rating.

The basics…

The 12-month Business Fixed Term Deposit account now pays a fixed rate of 1.31% on maturity, whereby interest must be compounded.

The finer details…

This account requires a minimum deposit of £10,000. It can only be opened and operated online, and only by limited companies and limited company partnerships. No earlier access or withdrawals are allowed.

Why we like it…

The competitive rate on this account is enough to secure it a place in the Best Buys for its sector, as well as a high rating.

Moneyfacts rating: Excellent

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 Any products featured may be withdrawn by their provider or changed at any time.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 Any products featured may be withdrawn by their provider or changed at any time.

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