Hampshire Trust Bank has increased the rate of its three-year bond by 0.15%, enabling it to improve its position in the Moneyfacts charts.
HTB 3 Year Bond Issue 4 now pays a competitive rate of 2.50% yearly, allowing it to retain a very comfortable place among the top 10 accounts of its sector.
This account must be opened and operated by post with a minimum deposit of £1,000.
As with many fixed rate accounts, this deal does not allow further additions or early access to funds. Savers must therefore be comfortable locking their initial investment away for the full three-year period.
The rate increase to this account has boosted its place in the charts, a development that is sure to raise its profile among savers. However, this account will only be suitable for those who are happy locking their money away, as access prior to maturity is not permitted.
Moneyfacts rating: Excellent
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