Wyelands Bank launches market-leading savings rates to support trade, industrial growth and job creation.

Wyelands Bank, set up to help small and medium businesses and has responded to the Bank of England’s rise in the base rate by launching a market-leading savings rate, paying up to 2.25%. 

The one-year and two-year fixed rate accounts are believed to be currently the best rates in their categories, based on moneyfacts data (at the time of this publication).  The other rates are extremely competitive in their categories.

The new rates are available from www.wyelandsbank.co.uk/savings from today, and from leading comparison sites.

Term

Gross annual interest

Gross monthly interest

AER[i]

Minimum amount

6 months fixed rate

1.60%

1.59%

1.60%

£5,000

12 months fixed rate

2.15%

2.13%

2.15%

£5,000

24 months fixed rate

2.25%

2.23%

2.25%

£5,000

35 day notice

1.05%

1.04%

1.05%

£5,000

95 day notice

1.62%

1.61%

1.62%

£5,000


Iain Hunter, CEO, said: “We have always set out to provide clear and straightforward savings products so retail customers can watch their money grow safely.

“By offering retail customers strong rates of return, we will be able to support growing businesses, job creation and the wider UK economy. 

“The savings that customers place with us will help us fill a vital gap to meet demand from businesses to fund expansion. 

“We get to know the businesses we support in person, give them direct access to decision makers and help them plan for growth.”

Deposits will help the bank provide industrial, trading and manufacturing businesses with greater access to working capital, to help them trade, grow and create jobs.

We understand that freeing up working capital is a major challenge for many businesses, and we offer a range of flexible services to help.

Our vision is to develop partnerships that provide opportunities to grow together, by providing access to working capital, tailored to each client.

How to Apply

Enquire Online: Get Started

Or email us at: BusinessSolutionsEnquiries@wyelandsbank.co.uk