Standard Life Bank has announced a nine-month fixed-rate Business Bond, bond designed, it says, to help businesses make their money work harder. The £12,000+ bond pays 3.40% AER, 2.72% net.

"Recent research from Standard Life shows that small and medium businesses across the UK could be missing out on valuable interest. Many businesses are holding large amounts in a business current account and not making the most of higher paying savings accounts and bonds. In the current falling interest rate climate and challenging economic backdrop, every little bit helps. Planning ahead and actively managing savings can result in significant financial gains and peace of mind for organisations," said Garry Mullen, Marketing Manager - Cash Savings.

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