"The Co-operative Bank has launched a new incentive giving businesses £200 cashback when they open both a business current account and a business savings account. The initiative highlights the benefits of pairing the two types of accounts - enabling firms to manage day-to-day payments while setting money aside for the future. For most businesses a current account is essential for receiving income and managing outgoing costs, while a savings account provides a smart way to build reserves for tax, unexpected expenses, or longer-term growth."
"Lisa Galley, Head of Business Banking Products at The Co-operative Bank, said: "Having both a current account and a savings account gives business the best of both worlds - easy access for daily transactions and the opportunity to put money to one side. We've designed this incentive to reward businesses for setting up both, so they can manage the present while planning ahead.""
The Co-operative Bank offers a £200 cashback when businesses open both a business current account and a business savings account. Pairing a current and a savings account enables firms to handle daily payments while setting money aside for future needs. A current account supports income receipt and outgoing cost management, while a savings account builds reserves for tax, unexpected expenses, or longer-term growth. The cashback is available to new and established businesses and includes flexible savings options with varying notice periods to suit firms of different sizes and cash-management preferences. The incentive encourages combining transactional and savings facilities to support present operations and future planning.
Read at London Business News | Londonlovesbusiness.com
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