Hampshire Trust Bank has reduced the rate paid on its one-year fixed rate business bond, but thanks to its continued competitiveness, it has maintained its place in the Moneyfacts charts.
1 Year Business Fixed Rate Bond Issue 3 now pays a competitive rate of 1.80% on maturity, a top-10 rate for its sector.
This account must be managed by post with a minimum investment of £5,000. Additional deposits and withdrawals prior to maturity are not welcomed, so business owners must ensure that they are comfortable with the sum they are locking away.
This deal continues to keep its competitive edge in the market, in spite of the recent rate reduction. Business owners who are looking for a short-term home for their non-personal savings are therefore likely to find this an attractive proposition.
Moneyfacts rating: Excellent
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