What is a fixed rate business bond
A business savings bond is a type of account available to businesses who wish to lock away spare funds for a set time. You can’t withdraw from this account until the end of the fixed term.
A fixed rate bond may be the ideal account for your business if you can commit to setting money aside for a specific period, such as financial obligations you know you will have to meet in a year or more.
Consider whether locking away funds for an extended period is the right option for your business. If you can set aside a lump sum for an extended period, you could enjoy competitive business bond interest rates.
If you’re looking for a more accessible account that allows withdrawals whenever you need, an easy access account could be a more suitable choice. If you know when your business will require funds in advance, you may prefer a business savings notice account and earn a competitive rate by agreeing to a set notice period.