Julian Hodge Bank has slightly reduced the rate paid on its one-year business bond. However, its ongoing competitiveness and appeal have ensured that it has kept its coveted place on the Moneyfacts charts.
The one-year version of Capital Millennium Bond now pays an attractive 1.65% yearly (1.64% monthly), which enables it to rest comfortably in the charts.
This account can be opened and operated in branch, by post and by phone with an initial investment of at least £1,000.
Additions are welcome while the issue remains open, but early access prior to maturity is not permitted. Business owners must therefore be happy to lock their non-personal savings away for the full length of the one-year term.
Business owners who are looking for a competitive home for their non-personal savings are likely to continue to find this deal appealing thanks to its ongoing competitiveness. An additional bonus is the optional monthly rate, which will attract those who are looking to secure a regular income.
Moneyfacts rating: Excellent
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