Firms offered new Abbey Business 12-month bond

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Firms offered new Abbey Business 12-month bond

Companies are being offered the opportunity to take advantage of a newly introduced fixed-rate business bond from Abbey business.

The bond, which comes with a limited-edition 12-month fixed-rate of 3.20 per cent, is available for business savings between £50,000 and £2 million.

Furthermore, the bank is also extending the offer period of its current 9-month fixed-rate bond, which has a gross rate of 2.80 per cent - or an AER of 2.81 per cent.

Product executive at Abbey Business Banking Paula Ickinger said that the firm is "committed" to assisting SMEs with their financial operations.

"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," she commented.

Abbey, which is owned by the Spanish banking group Santander, provides financial services to 18 million customers.

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