Hampshire Trust Bank has given its fixed business bonds a rate boost of up to 0.25%, pushing its one-year deal up into a joint market-leading position.
1 Year Fixed Rate Business Bond Issue 2 now pays 1.90% on maturity, a joint-top rate for its sector.
This account must be opened and operated by post with an initial investment of at least £5,000.
Further additions and early access to funds are not permitted, so business owners must be prepared to lock their money away for the full year.
The rate increase to this deal has moved it into a highly competitive position on the Moneyfacts charts. Business owners looking for a short-term home for their non-personal savings are therefore likely to find this an appealing choice for an investment.
Moneyfacts rating: Excellent
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