Santander Corporate Banking launches new fixed term bonds

Santander Corporate Banking has launched two new fixed term deposit accounts aimed at businesses with a turnover above £1 million. The six and nine month bonds offer market leading interest rates of up to 2.20 per cent gross pa/AER and are available from Monday 14 September.

Steve Pateman, Head of Corporate and Commercial Banking, said: "With interest rates at an historic low and many businesses experiencing very challenging trading conditions, Santander's new corporate bonds provide valuable additional income and a safe home for deposits. Santander Corporate Banking aims to become the bank of choice for businesses and is building strong relationships with well run and viable businesses."

Steve adds: "Our strategy is to reward relationships and therefore we are offering an increased return to existing current account holders and those new customers who choose to open a Corporate Reward Current Account, which is specifically designed for businesses with a turnover above £1 million. The Corporate Reward Current Account offers market leading day to day banking with low fees, high credit interest rates, and unrivalled account access."

Lee Tillcock, Editor of leading independent finance guide Business Moneyfacts says: "These new corporate bonds from Santander Corporate Banking provide a significantly better return than similar fixed term products for larger deposits, available from the major high street banks, representing a good level of interest in the corporate banking market-place. Fixed term products are ideal for business owners who wish to get a guaranteed return on surplus funds that they can commit for a set period of time."

To apply for either of the new fixed term corporate bonds and further information on the Corporate Reward Current Account, go online at ukcorporatebanking.com.