Business bond gets a welcome rate rise | Product News - Moneyfacts

Product News

Business bond gets a welcome rate rise

Business bond gets a welcome rate rise

Category: Business
Date: 17/09/2015

MONEYFACTS ARCHIVE
This article was correct at the time of publication. It is now over 6 months old so the content may be out of date.

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.

The basics…

1 Year Fixed Rate Business Bond Issue 2 now pays 1.90% on maturity, a joint-top rate for its sector.

The finer details…

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.

Why we like it…

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

Disclaimer: Information is correct as of the date of publication (shown at the top of this article). Any products featured may be withdrawn by their provider or changed at any time.

 

Disclaimer: Information is correct as of the date of publication (shown at the top of this article). Any products featured may be withdrawn by their provider or changed at any time.

 
Close