Banking & Saving - Santander Business Bond - Get 2.50% on your Business Funds for 12 months
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Santander Business Business Bond
Santander 12 month Business Bond
Features
- Interest Rate:
- 2.50% Gross/AER (fixed)
- Minimum Balance:
- £50,000
Account Description
- **Call 0800 783 6911 to find out more..**
- Enjoy the certainty of a guaranteed rate of interest on your surplus cash
- 2.50% gross/AER (fixed) on business savings for the 12 month term
- Gross/AER based on funds deposited on 30th November 2009
- Minimum deposit of £50,000 required
- Interest is paid on the day of maturity, which is 1st December 2010
- No withdrawals are allowed during the 12 month term. If you need to access your money you will need to close your account subject to a penalty charge equivalent to 90 days gross interest.
AER stands for Annual Equivalent Rate and shows what the interest rate would be if we paid interest and added it to your account each year. The gross rate is the interest rate we pay before income tax is taken off.
Available to new and existing Abbey Business customers who are transferring or paying in funds not currently held within the Santander Group (Abbey, Alliance & Leicester, Bradford and Bingley, Cater Allen and cahoot). No partial withdrawals or additional deposits allowed. Rate quoted is based on no withdrawals being made during the fixed term.
