Surplus cash within a business could be working harder by earning more interest. If your business has funds that can be put away for a fixed period without needing to be used, then a Fixed Rate Bond may be the right risk free investment to make the most of that surplus cash.
Bonds are issued periodically with a fixed rate, business bonds typically suited to the following types of business:
- Limited Companies
- Limited Liability Companies
- Public Limited Companies
- Sole Traders
Because there is a minimum deposit and a commitment to not withdraw any funds for a fixed period the interest earned is typically higher than can be earned from accounts with flexible access to your savings. Check out the latest rates for the Teachers Building Society Business accounts. (Link to corporate page)
The term of the bond will be length of time you have to commit to your funds remaining untouched and the time it will be for the bond to reach maturity and interest will be paid.
Teachers Building Society Business Bond
The Business Bond from Teachers Building Society provides a guaranteed fixed rate with a competitive pa/AER. If you want your business to make more of its surplus cash then find out more and apply today!