Hampshire Trust Bank has increased the rate paid on its two-year fixed bond by 0.05%, enabling it to move up the charts to sit just behind the current market-leader of its sector.
HTB 2 Year Bond Issue 5 now pays 2.35%, allowing it to improve its standing in the Moneyfacts charts.
This account must be opened and operated by post with a minimum deposit of £1,000.
As with many fixed rate deals, this account does not allow additional deposits or withdrawals. Savers must therefore ensure that they are happy with their initial investment and the length of the term.
The rate boost to this account has honed its competitiveness in the market, enabling to take a prized position just behind its sector's current market-leader. Savers looking for a two-year home for their savings are therefore likely to view this latest update with interest.
Moneyfacts rating: Excellent
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