Julian Hodge Bank has increased the rate paid on its 1 Year Millennium Bond.
The product now offers clients a rate of 3.00% (+0.15%) and the monthly option has also increased.
The rate increase is good news for investors looking for a short term home for their funds and results in the one year bond joining a band of players paying a competitive 3.00%.
As with many fixed products, investors should be aiming to tie up funds for the full term as the bond does not offer access during the term.
Four out of five Moneyfacts stars have been awarded.
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