Abbey Business Banking launches new Business Bond

Abbey Business Banking has launched a new limited edition 9 month Fixed Rate Business Bond, with a great fixed interest rate of 2.80% gross pa (2.81% AER), maturing on 1 February 2010.

This new Business Bond is available for business savings of between £50,000 and £2 million, and can be opened by calling 0845 606 0593. This offer is strictly limited and will only be available whilst funds last.

Paula Ickinger, Product Executive at Abbey Business Banking commented: "With the Bank of England Base Rate at an all time low, Abbey's new Business Bond provides certainty of return for business savers. 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.

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

The features of this account include:

An interest rate of 2.80% gross (2.81% AER) fixed over the term of the Bond
Interest payable on maturity, on 1st February 2010
Minimum balance £50,000
Maximum of £2,000,000

This product is a strictly limited offer and is available for money, which is held outside Abbey now.