Recognise Bank has launched a new savings product for businesses – the Business 2 Year Fixed Account, offering an attractive 4.37% AER. This fixed term savings account provides businesses with a stable and predictable return, helping them manage their financial future with confidence.
Designed for businesses looking to lock in their savings at a competitive rate, the account requires a minimum deposit of £1,000. Limited Companies and Limited Liability Partnerships can deposit up to £250,000, while Sole Traders can deposit up to £85,000. Businesses can choose to have their interest paid monthly or annually, either reinvested into their 2 Year Fixed Account or paid out to their nominated UK business bank account and can manage their funds online with up to four authorised users.
In an economic climate where uncertainty can impact financial planning, having a reliable and competitive savings plan can provide much-needed stability. With its new account, Recognise Bank is providing a competitive option for businesses looking to benefit from a guaranteed return without worrying about fluctuating interest rates.
Caroline Luxmore, Recognise Bank’s Chief Commercial Officer said:
“We understand that businesses need certainty when it comes to their finances. Our 2 Year Fixed Account offers a secure and competitive return, helping businesses plan ahead with confidence. Whether businesses are saving up for a future investment or are simply building cash reserves and looking for a safe place to grow their funds, Recognise Bank’s range of business savings products can help.”
With this latest offering, Recognise Bank continues to strengthen its position as a trusted partner for businesses, delivering tailored financial solutions that meet their needs.
Recognise Bank offers a variety of fixed-rate products to suit the diverse needs of businesses. In addition to the Business 2 Year Fixed Account, businesses can choose from 6 Month Fixed, 1 Year Fixed, 18 Month Fixed, and 3 Year Fixed options. These different term lengths allow businesses to select the most suitable option based on their cash flow needs and financial goals. More information on Recognise Bank’s full business savings product range, including Instant Access and Notice accounts, can be found here: Compare Business Savings Accounts | Recognise Bank
