New SME savings account from Cambridge & Counties Bank
The bank’s new deposit account is aimed at SMEs, charities and clubs looking to invest between £10,000 and £1 million.
The launch of Cambridge & Counties Bank's new business savings account allows a 30 day notice period and pays 1.50% interest.
There are no transaction charges and interest is paid annually or monthly (1.49% gross).
Gary Wilkinson, chief executive officer at Cambridge & Counties Bank, said:
“We know there is a huge appetite for a decent return on business savings – more than £200 million has been deposited with us since our launch just two years ago.
“SMEs, clubs and societies have found us to be a friendly and welcoming place to save. They regularly praise our straightforward approach, simple application forms and account features. This new account will, I have no doubt, prove equally popular.”
The new account sits alongside Cambridge & Counties Bank’s existing 95 day notice business savings account, which pays 1.80 % interest (Gross/AER).
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