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.
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.
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.
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
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