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Teachers Building Society launches new Business Bond with competitive rate

May 01, 2018

Developed specifically for the business saver looking to diversify their cash holdings, Teachers Building Society has launched for a limited period only, a new bond at a fixed rate of 1.30%. The account is available with a minimum opening balance of £10,000 and a maximum balance of £500,000 - the bond matures on the 28 May 2019.

Simon Beresford, Chief Executive of Teachers Building Society, said: “More than ever, Businesses need to diversify their cash holdings. To help with this, we’ve launched our new bond which also offers a competitive interest rate, especially targeted towards the SME market. Our corporate savings accounts feature regularly in ‘Best Buy’ tables and the introduction of this account is a further demonstration of how we continue to offer long-term value to our members.”

“Businesses can rest assured that when choosing to save with us, they’ll benefit from competitive rates of interest and outstanding customer service - all delivered by our local team based in Wimborne, Dorset.”