Redwood Bank announces market-leading fixed rate bond

16 April 2025

Redwood Bank is strengthening its commitment to business savers with the launch of a market-leading 2 Year Fixed Rate Business Bond.

The launch comes hot on the heels of Redwood receiving its seventh successive Business Moneyfacts Award for Best Business Variable Rate Deposit Account Provider.

The bond has an interest rate of 4.45% AER, demonstrating Redwood’s desire to help businesses make the most of their cash assets.

Jessica Darrah, 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.”

With the Bank of England meeting again next month to review the base rate, Redwood is introducing a new product designed to provide greater stability and value for customer amid ongoing economic uncertainty.

This bond has been designed for businesses, charities and organisations looking to lock in for a guaranteed growth on their reserves.

Customers can deposit from £10,000 to £1 million, with no withdrawals permitted during the term. Multiple signatories are allowed and there is an easy online application process. Redwood’s UK-based service team is available by email and on the telephone.

Redwood Bank has built a strong reputation in the UK savings market by consistently delivering competitive products, backed by a commitment to excellent customer service. As a digitally focused, people-driven bank, Redwood’s proposition is especially appealing to charities and not-for-profits, who often require multi-signatory access and robust support for managing funds responsibly.

For further information, visit redwoodbank.co.uk/savings/two-year-business-savings-bond