This new product tops the Moneyfacts table for One Year Fixed Rate Business Bond accounts currently on the market and is available to all business types as well as charities, societies, clubs and associations.
The new Cambridge & Counties Bank One Year Fixed Rate Business Bond follows on from the bank’s highly successful 30 and 95 Day Notice Business Accounts, which currently pay 1.95% and 1.75% Gross/AER respectively.
Gary Wilkinson, Chief Executive Officer at Cambridge & Counties Bank, said: “We are already attracting significant deposits through our 95 and 30 Day Notice Accounts from a wealth of businesses across the UK. We are now delighted to add this limited offer table-topping One Year Fixed Rate Business Bond to our range. However we must stress that this is a limited offer and customers will need to move quickly to grasp this opportunity.”
The Cambridge & Counties Bank One Year Fixed Rate Business Bond runs for a 12 month term from opening. Accounts are linked to a nominated current account and withdrawals are made by transfer to the nominated account only on maturity of the bond. Interest is calculated on a daily basis and paid on maturity.
Cambridge & Counties Bank has a unique structure being jointly owned by Cambridgeshire Local Government Pension Fund and Trinity Hall, a College of the University of Cambridge. They each own 50% of the bank, which has a strong management team led by chief executive Gary Wilkinson who has held a number of senior roles in the banking and building society sectors.
For further information on the Cambridge & Counties Bank One Year Fixed Rate Business Bond, visit http://www.ccbank.co.uk/ or call 0844 225 3939.
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For further information please contact:
Citigate Dewe Rogerson (for Cambridge & Counties Bank)
Patrick Evans (0207 282 2913) / Jamie Brownlee (0207 282 2858)
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