Redwood Bank has launched a 2-year fixed rate business bond, offering 4.45% annual equivalent rate (AER).
This bond was designed for businesses, charities and organisations looking to lock in for a guaranteed growth on their reserves.
Customers can deposit from £10,000 to £1m, with no withdrawals permitted during the term.
Jessica Darrah (pictured), senior savings product manager at Redwood Bank, said: “At a time when customers are watching for rate movements and are considering locking in long term savings, Redwood is here to support customers.
“Our new 2 Year Fixed Rate Bond is built for organisations seeking certainty and confidence in their business savings during the current evolving economic environment.”
