The fastest growing challenger bank in the UK, which launched in June last year, has launched the One Year Fixed Rate Business Bond for balances of between £10k and £1 million paying 1.90% Gross/AER.
The new Cambridge & Counties Bank One Year Fixed Rate Business Bond paying 1.90% Gross/AER is yet another market leading savings product launched by the Bank following it’s highly successful 95 Day Notice and 60 Day Notice Business Accounts.
Analysis from the bank also reveals that the average return for best buy business bonds is 1.73% Gross/AER. Indeed further analysis revealed that the average return for best buy charity/club savings accounts is 1.63% Gross/AER.
Gary Wilkinson, Chief Executive Officer at CC Bank, said: “We have already been attracting significant deposits through our Notice Accounts from a wealth of organisations across the UK. We are now delighted to add this limited offer table-topping One Year Fixed Rate Business Bond to our range. However it is important to note that this is a limited offer and customers will need to move quickly to take advantage of this opportunity.”
Cambridge & Counties Bank has a unique structure being jointly owned by Cambridgeshire Local Government Pension Fund and Trinity Hall, a College of the University of Cambridge. They each own 50% of the bank, which has a strong management team led by chief executive Gary Wilkinson who has held a number of senior roles in the banking and building society sectors.
