Abbey launches 3.2% business bond
Abbey is offering business customers a fixed interest rate of 3.2% on its 12 month Fixed Rate Business Bond, maturing 1 July 2010.
The Santander-owned bank has also extended the offer period for its 9 month Fixed Rate Business Bond, paying 2.8% interest and maturing 1 April 2010.
Both bonds are available to businesses with savings between £50,000 and £2 million, and can be opened over the telephone.
Abbey said the bonds will be available for a limited time only, and may be withdrawn without notice.
“This is a limited opportunity to invest anything from £50,000 to £2,000,000, and savers will get a guaranteed return which is significantly above the current bank base rate,” said Paula Ickinger of Abbey Business Banking.
“Abbey Business Banking is committed to helping SME’s maximise their business potential,” Ickinger added.