FINANCE: Teachers launches Business Bond for business savers

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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 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.”

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