Abbey Business launches new 12 month bond

Abbey Business has launched a new limited edition 12 month Fixed Rate Business Bond, with a great fixed interest rate of 3.20 per cent gross pa/AER, maturing on 1 July 2010. In addition, Abbey has also extended the offer period for its 9 month Fixed Rate Bond, with a competitive rate of 2.80 per cent gross (2.81 per cent AER), maturing 1 April 2010.

These new Business Bonds are available for business savings of between £50,000 and £2 million, and can be opened by calling 0845 606 0593. These offers are available for a limited time only and may be withdrawn without notice, so we would encourage businesses to open one without delay.

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 the Business Bonds include:

12 month - 3.20 per cent gross pa/AER, fixed for the term of the Bond
9 month - 2.80 per cent gross pa / 2.81 per cent AER, fixed for the term of the Bond
Minimum balance £50,000, maximum of £2,000,000

These products are strictly limited offers and will not accept deposits already held with any UK Santander brand.