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 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).
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.
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.
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