Julian Hodge Bank has made a slight reduction to the rate paid by its one-year fixed rate business bond, but despite this, it has kept its place in the Moneyfacts charts.
The one-year version of Capital Millennium Bond now pays 1.79% monthly (1.80% AER), enabling it to retain its coveted place on the charts.
The finer details…
This account can be opened and operated in branch, by post and by phone. An initial investment of at least £1,000 is required.
Additional deposits can be made while the issue remains open, but early access to funds is not permitted. Business owners must therefore be happy to lock their money away for the full one-year term.
A version of the account is also available for personal savings.
Why we like it…
Business owners looking for a profitable short-term home for their non-personal savings are likely to continue to view this deal with interest, despite the slight rate reduction. The fact that it pays interest monthly will particularly appeal to business owners who want to secure a regular income, while the ability to contribute extra funds while the issue remains open adds some welcome flexibility.
Moneyfacts rating: Excellent
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