Business bond retains top 10 position | Product News - Moneyfacts

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Business bond retains top 10 position

Business bond retains top 10 position

Category: Savings
Date: 12/11/2014

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 It is now over 6 months old so the content may be out of date.

Julian Hodge Bank has increased the rates on selected fixed rate business bonds, reinforcing its one-year deal's place in the Moneyfacts charts.

The basics…

The one-year Capital Millennium Bond now has a competitive rate of 1.75% yearly (1.74% monthly), which has cemented its place among the market-leaders of its sector.

Meanwhile, the two-year version now has a rate of 2.00% per annum (1.98% monthly) and the three-year variant has a yearly rate of 2.10% (2.08% monthly). The four-year deal pays 2.25% yearly (2.23% monthly).

The finer details…

These accounts can be opened and operated in branch and by post with a minimum deposit of £1,000. Further additions are accepted while the issues remain open, but early access to funds is not possible. Investors must therefore be comfortable with the length of their chosen term.

Why we like them…

The one-year deal offers businesses a competitive deal with an attractive rate. While it is not possible to access funds before maturity, the option to make further additions while the issues are open offers savers some welcome flexibility.

Four Moneyfacts Stars have been awarded.

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 Any products featured may be withdrawn by their provider or changed at any time.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 Any products featured may be withdrawn by their provider or changed at any time.

 
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