The Cambridge launches competitive business bond

The Cambridge Building Society has launched a competitive business bond which is proving very popular amongst its business customers.

The recently awarded ‘Business of the Year' has launched the one year fixed rate Business Saver Bond at 2.85% with a minimum opening balance of £5,000.

The one year bond which received a four star Moneyfacts rating can be opened via the Society's Cambridge based Customer Contact Centre or in one of its 18 branches based in and around Cambridgeshire.

Andy Lucas, Commercial Director at The Cambridge says: "This is part of a range of competitive products for businesses wanting to save with a trusted Society.

"We are pleased to be able to offer great products as well as providing a bespoke service to businesses, councils and community and charity organisations in our Cambridgeshire heartland and nationally.

"We will continue to look at ways to offer products and services that meet business customers' specific needs."

The account can be opened and operated with a minimum balance of £5,000 and has a maximum balance limit of £2million. New and existing funds can be transferred into the account via debit card, bank transfer or cheque.

The Cambridge Building Society is an independent, mutual Society with assets of over £1billion.

For more information, visit cambridgebs.co.uk.