Business Banking
Scottish Widows launches new business savings accounts
Scottish Widows Bank has launched a new Business Funds Deposit Account. From 3 November a bonus of 0.50% will be available on the new Business Funds Deposit Account for 6 months, giving an initial rate of 5.00% gross / 4.75% AER (variable). Thereafter, the standard rate will be 4.50% gross / AER (variable).
Banks' commitment to small businesses underpinned
Moves to strengthen the banks' commitment to their small business customers were outlined by the British Bankers' Association (BBA) today.
Banks pledge support for small businesses
The UK's leading high street banks have promised to continue to support small businesses through the downturn, the British Bankers' Association said today.
A&L business current accounts available from Post Offices
Alliance & Leicester Commercial Bank has teamed up with Post Office Limited to launch a new scheme for small businesses.
UK businesses need to get savings savvy
With the difficult economic conditions persisting, Standard Life Bank is urging UK businesses to be savvier with their hard earned savings, following research that businesses are potentially missing out on significant interest payments by not using a business savings account.
Banks still lending to small businesses despite credit crunch
British Bankers’ Association (BBA) figures for the main high street banks providing small business services show that over the twelve months to June:
Barclays responds to flooding impacts
Responding to the implications of the recent flooding across areas of the UK, Barclays has announced that it will again be offering a financial support package to all of its affected Local Business & Commercial Banking customers.
Credit where credit's due: Barclays helps SMEs in tight market
Barclays local business customers can now check the credit ratings of up to five of their most important customers or suppliers, helping them to deal more effectively with the risk of late payments and bad debt.
Abbey fund airport commercial property transaction
Abbey UK Corporate Banking today announced that its UK Real Estate team has acted as joint lead bank on a £165m debt funding and hedging arrangement for the Arora Family Trust, the largest family owned and operated hotel portfolio in the UK.
Alliance & Leicester enters the contractor's market
Alliance & Leicester Commercial Bank has announced the launch of a new partnership with Professional Passport to help Contractors make the most of their funds.
Mind your own business
Over one million small businesses are shunning specialist accounts in favour of retail accounts, which typically offer better rates on balances and overdrafts and don't have transaction fees.
Business bank accounts for all
NatWest and RBS are to offer a business current account to all business customers irrespective of their credit standing.
Alliance & Leicester Commercial launches new deposit accounts
New research from Alliance & Leicester Commercial Bank reveals UK businesses are no strangers to saving, with nearly half (45%) putting money aside in a deposit account.
Small businesses save for a rainy day
As the economy continues to be as unpredictable as the British climate, new research by Alliance & Leicester Commercial Bank shows nearly half (45%) of small businesses have a rainy day fund set aside, so they are financially prepared, whatever the weather.
Bank of Scotland launches 'no catches' deposit account for SMEs
Bank of Scotland Business Banking has launched a market-leading deposit account for small businesses offering 25bps above base rate (5.64% AER / 5.50% gross p.a.) on balances of £1 and above, a rate that is nearly 40% higher than any deposit product offered by the Big Four banks.