The niche bank Cambridge & Counties has launched a market leading savings account for businesses and other organisations.
The 120-day notice account is paying 1.80% gross/AER variable on deposits of between £10,000 and £3 million.
The straightforward variable rate account is free from any hidden catches such as interest rate tiers and bonuses and has no transaction charges. Savers can choose either annual or monthly interest payments. Interest paid monthly is 1.79% Gross/1.80% AER.
The account is top of the Best Buy table for business savings accounts according to the independent comparison site Moneyfacts and it is available to sole traders, partnerships, limited companies, LLPs, charities, societies, clubs, associations, parish councils and trusts.
Cambridge & Counties Bank is dedicated to providing outstanding customer service with products that are simple to apply for and operate, with all enquiries handled by the bank’s own staff in their Leicester offices.
Cambridge & Counties is a member of the Financial Services Compensation Scheme (FSCS), providing automatic protection for eligible depositors up to £75,000.
Details of the 120-day notice account and the Bank’s other savings products, are at ccbank.co.uk/save or call 0344 225 3939*.
Rachel Curtis-Bowen, Executive Director at Cambridge & Counties, said:
“We are very proud that 99% of our new savings customers say they would recommend us.
“With this market-leading savings account we are offering a rate of return that is clearly ahead of other providers and gives organisations the chance to make the most of their money. Many leave spare cash sitting in their main current account earning little or nothing and moving some funds across to earn more interest can be really worthwhile – it’s free money really.”