Abbey Business Banking launches market leading time deposit

Abbey Business Banking has launched a market leading Time Deposit with a great rate 2.6 per cent, with a six month term. Available to new and existing Abbey Business Banking account holders, the deposit will offer the opportunity for customers with a turnover of £1-m or less, who are paying in funds from outside Abbey to make the most of their money.

The Time Deposit account can be opened by contacting one of our Relationship Managers or calling 0800 783 6850 and is available immediately until further notice. Available on business savings of £50k or more

Sue Hayes, Head of Abbey Business Banking said: "With interest rates falling we wanted to offer our customers a safe and profitable way to save their money. This product allow SMEs to safely invest their funds in the short term, with the bonus of market leading growth over six months.

"Abbey Business Banking is committed helping SME's maximise their business potential, offering free banking forever alongside a range competitive products."