Close Brothers Treasury launches a new savings account aimed at small businesses

Wednesday 16 May 2018

Small businesses across the region can now consider a new, flexible option for their valuable cash reserves.

Close Brothers Treasury, part of Close Brothers Limited, has introduced the Small Business Account (SBA), offering a competitive interest rate (currently 0.95% AER*) on deposits from 25,000 up to 1 million.

Unlike a fixed term account, which locks your money away for a longer term, the SBA is a 95 day notice account. So whenever you give notice to withdraw some or all of your funds, it's just 95 days away.

Customers can also top up the account at any time, making it a convenient way to add to your company's savings pot when you can.

Andrew Mews, Business Development Manager, Cambridgeshire (and Eastern Counties) says: "It can be tricky choosing the right account for your business savings, and it's not always practical to put money away for a long, fixed term - especially if you're not sure what the future holds.

"What we're offering is a competitive rate with 95 days' notice and the ability to top up at any time. We hope this new account will give small businesses much more flexibility and freedom with their savings."

Close Brothers Treasury has been supporting businesses throughout Cambridgeshire and East Anglia for many years.

Andrew explains: "We specialise in offering a range of competitively priced cash deposit options, from Notice Accounts to Fixed Term Deposits - including our latest 95 day notice account for the SME market.

"Because we're backed by the financial strength of Close Brothers Limited, with its high credit ratings and successful track record, our customers can really depend on us to take good care of their money."

For more information on how Close Brothers Treasury can support your business, please contact Andrew Mews on 07593 331296 or email

* AER stands for Annual Equivalent Rate and illustrates what the interest rate would be if interest was paid and compounded once each year. Interest is paid gross of tax. The interest rate displayed is correct as at 14 May 2018. All product rates are reviewed weekly and listed on our website,

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