Businesses looking to fix the interest on their investments for a short period of time to make sure they get a decent return while the base rate is low can now do so with new products from Abbey.
The nine and 12-month fixed-rate bonds allow consumers to receive an income of 2.8 per cent and 3.2 per cent respectively on any money they deposit into the investment schemes .
Those with deposits of between £50,000 and £2 million can open one of the investment bonds, however they are available for a limited period and the bank may withdraw them from the market at any time.
Paula Ickinger, product executive at Abbey Business Banking, said: "Abbey Business Banking is committed to helping small and medium enterprises maximise their business potential and these new Business Bonds are a great way for business owners to make the most of their surplus cash."
F&C Investments recently said that those seeking a good return on their money should look at high-yield bonds, which have outperformed equities so far this year.
Short term fixed rate bonds announced by Abbey
Short term fixed rate bonds announced by Abbey
Tue, 04 Aug 2009
Recommended links
Online shares and investmentsInvestments review and enquiry form
Investment bonds
Investment trusts
Corporate bond investments offered by Axa
Top 10 dividend investments from the Share Centre
Pension investment funds offered by Scottish Widows
| Stocks & Shares news |
|---|
| Investors happy to make own decisions but lack SIPP knowledge, survey finds - Tue, 05 Apr 2011 |
| Investors put off switching Isas by low rates and fear of mistakes - Thu, 31 Mar 2011 |
| Investors shunning banks when taking out an Isa - Tue, 22 Mar 2011 |
| More News |
