Fixed Rate Business Savings Bonds
If you have spare cash in your business, it makes sense to put it to work earning interest. And if you can commit to placing your money on deposit for a fixed term, you could get a great rate from Shawbrook.
A fixed rate bond could be ideal if you’re putting money aside for a specific period of time - for example, if you know you will have financial commitments to meet in a year’s time or more. You won’t be able to access the funds before the end of the term, but in return you’ll get an attractive rate.
AER stands for Annual Equivalent Rate and illustrates the interest rate if it was paid and compounded each year. We quote the AER on all of our accounts so that you can compare our products with those of other banks.
GROSS is the interest rate without the deduction of income tax. This is the interest rate paid on your account.