Hampshire Trust Bank has launched a new business notice savings account, taking a position at the top of the Moneyfacts charts for its highly competitive rate and terms.
120 Day Business Notice Account pays a market-leading rate of 1.60% yearly, allowing it to sit at the very top of the charts.
This account must be opened and operated by post with a minimum deposit of £5,000.
Further additions are welcome and an unlimited number of penalty-free withdrawals can be made, provided the 100-day notice period is observed. Early access, however, is not permitted, so business owners must ensure they plan their withdrawals carefully.
Business owners looking for a competitive home for their non-personal savings are likely to be intrigued by this latest launch. Paying the top rate for its sector, this deal is certainly eye-catching, and combined with the flexibility of unlimited withdrawals and additions, this could prove to be a popular account.
Moneyfacts rating: Excellent
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