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 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.
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.
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
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