Hampshire Trust Bank has reduced the rate paid on its business notice account; however, it has remained in the Moneyfacts charts thanks to its ongoing competitiveness and appeal.
120 Day Business Notice Account 3 now pays a variable rate of 1.35% yearly, which remains the top rate for its term.
This account must be opened and operated by post with a minimum deposit of £5,000.
Business owners are welcome to make further additions at any time and an unlimited number of withdrawals can be made. However, early access is not possible, so 120 days' notice must always be provided.
Business owners looking for a good home for their non-personal savings could find the answer with this competitive notice deal. The rate remains attractive, despite the recent decrease, and it also offers the flexibility of unlimited additions and withdrawals, provided the required notice is given.
Moneyfacts rating: Excellent
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