Abbey Business launches new fixed rate bonds

Due to the popularity of the Abbey Business fixed rate bonds launched in June, the bank has today launched two new bonds, available to businesses with a turnover of up to £1 million. The offers available are a 12 month Fixed Rate Business Bond, with a great fixed interest rate of 3.20 per cent gross pa/AER, maturing on 1 September 2010, and a new 9 month Fixed Rate Bond, with a competitive rate of 2.80 per cent gross (2.81 per cent AER), maturing 1 June 2010.

These new Business Bonds are available for business savings of between £50,000 and £2 million. These offers are available for a limited time only and may be withdrawn without notice, so we would encourage businesses to open one without delay.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: "Abbey Business Banking is committed to helping SMEs maximise their business potential and these new Business Bonds are a great way for business owners to make the most of their surplus cash. This is a limited opportunity to invest anything from £50,000 to £2,000,000, with a guaranteed fixed rate, which is significantly above the current Bank of England base. Businesses can also be safe in the knowledge that their savings are securely held with one of the world's largest banks."

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.

For more information, visit abbey.com