Fixed bonds get a rate increase | Product News - Moneyfacts

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Fixed bonds get a rate increase

Fixed bonds get a rate increase

Category: Savings
Date: 24/09/2015

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 It is now over 6 months old so the content may be out of date.

Hampshire Trust Bank has increased the rates paid on selected fixed bonds by up to 0.20%, enabling its two and three-year deals to take well-deserved places on the Moneyfacts charts.


The basics…

HTB 2 Year Bond Issue 4 now pays 2.30% yearly while its three-year counterpart (Issue 6) pays a yearly rate of 2.45%, enabling both to sit comfortably among the top 10 accounts of their respective sectors.


The finer details…

These accounts must be opened and operated by post with an initial investment of at least £1,000.

As is common in the fixed rate sector, neither bond allows further additions or early access to funds. Savers must therefore be happy with the level of investment and the length of their chosen term from the beginning.


Why we like them…

Savers looking for competitive fixed rate bonds are likely to be intrigued by this latest update. Both bonds are now far more attractive thanks to their respective rate increases and have therefore been able to take positions in the charts, something that is bound to be noticed by those who are eager to secure a decent return.

Moneyfacts rating: Excellent

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 Any products featured may be withdrawn by their provider or changed at any time.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 Any products featured may be withdrawn by their provider or changed at any time.

 
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