6 month bond options

[thunderlizard]

I can't seem to find a bank that will offer a one-off treasury bond without wanting us to become a full-on customer and open a business current account - which I know will be a bugger to set up and a bugger to close again in 6 months time when it won't be needed it any more.

Anybody have any ideas?

No 2 banks seem to call it the same thing at a retail level - it's either a treasury bond, or a money-market bond, or a business deposit bond, or similar - but I mean the thing where:
-we give them some money for a fixed term
-then they give it back at the end + roughly 5.5%APR more to say thank you.

[thunderlizard]

Hi TL,

Apparently Cater Allen do them, and their rates are reasonably competitive.

Never used them personally though, so don't know the full story.

[thunderlizard]

Cheers - I'll let you know how I get on.


tl

[aceboy]

cater allen call it a term despoit account. you can do 1 week to 1 year.... just keep an eye on the automatic roll over

[thunderlizard]

'deed they do Aceboy.

It took a while to open due to the several-stage prove-you're-not-a-Triad process that all banks have nowadays, but they always answered the phone and helped me out efficiently when needed.
I think I have signed my way out of an automatic rollover but I'll re-check: thanks for the tip.

tl