Principality Building Society announces business savings rate increase

Principality Building Society has announced it will increase its 12 month business savings fixed-rate bond by 0.25 per cent.

Businesses looking for the best savings rates around will be delighted to hear that the increase will make the bond one of the top three fixed-rate bond rates available to businesses in the UK.

The bond will pay 2.55 per cent gross/AER for investments of between £10,000 and £5 million.

Nicola Crocker, business savings manager at Principality, said: "The increase of a quarter per cent from its previous rate of 2.30 per cent highlights out commitment to offering highly competitive rates to our business customers at a time when businesses are retaining more cash due to economic pressures."

Ms Crocker added that many businesses are looking for a safe haven to invest their money which will offer good returns on money.

The Principality Building Society recently showed its commitment to helping savers by introducing a variable rate savings account that promises very competitive savings interest rates and a bonus year after year.
 

Moneyextra.com recommends you take independent financial advice before acting on any article

Back

2010-10-19 12:40:44 © Moneyextra.com