2-yr bond holds onto its top-10 spot | Product News - Moneyfacts

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2-yr bond holds onto its top-10 spot

2-yr bond holds onto its top-10 spot

Category: Savings
Date: 06/01/2016

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 It is now over 6 months old so the content may be out of date.

Hampshire Trust Bank has reduced the amount paid on its two-year fixed rate bond, but despite this, it has retained a coveted place on the Moneyfacts charts thanks to its continued competitiveness.

The basics…

HTB 2 Year Bond Issue 7 now pays a competitive rate of 2.15% yearly, enabling it to sit comfortably among the top 10 of its sector.

The finer details…

This postal-operated account requires an initial investment of at least £1,000. As is common in the fixed rate market, no further additions or deposits are allowed, so savers must ensure that they are happy with their level of investment and the length of the term from the beginning.

Why we like it…

Savers who are looking for a competitive deal in which to squirrel away their funds are likely to continue to pay attention to this account. Although it has had a rate reduction, it still boasts an attractive deal, and provided savers are happy to lock their money away, it offers the potential of a decent return.

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 Any products featured may be withdrawn by their provider or changed at any time.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 Any products featured may be withdrawn by their provider or changed at any time.

 
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