Top-10 spot kept by business bond | Product News - Moneyfacts

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Top-10 spot kept by business bond

Top-10 spot kept by business bond

Category: Business
Date: 13/05/2015

MONEYFACTS ARCHIVE
This article was correct at the time of publication. It is now over 6 months old so the content may be out of date.

Julian Hodge Bank has made a slight rate decrease to its one-year bond, but despite this, it has retained its place among the top-10 accounts of its sector.

The basics…

The one-year Capital Millennium Bond now pays a still-competitive rate of 1.60% on maturity (1.59% monthly), earning it a continued place in the Moneyfacts charts.

The finer details…

This account can be opened in branch or by post and then operated in the same way as well as by phone. A minimum investment of £1,000 is needed.

Additional deposits can be made while the issue is open, but it is not possible to access funds prior to maturity. Business owners must therefore feel comfortable with the length of the one-year term.

This bond is also available as a personal account.

Why we like it…

Although this account has had a minor rate decrease, it still boasts a top-10 position on the Moneyfacts charts. Business owners are likely to welcome the flexibility of further additions and the choice of a monthly interest option, but the lack of early access means that they must also be comfortable locking their money away for the full term.

Moneyfacts rating: Excellent

Disclaimer: Information is correct as of the date of publication (shown at the top of this article). Any products featured may be withdrawn by their provider or changed at any time.

 

Disclaimer: Information is correct as of the date of publication (shown at the top of this article). Any products featured may be withdrawn by their provider or changed at any time.

 
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