Julian Hodge Bank has decreased the rate on its two-year fixed savings account, but despite this, it manages to maintain its position in the Best Buy chart of its sector and is still deemed worthy of a high Moneyfacts rating.
The two-year Fixed Rate Deposit Account will boast a rate of 1.40% yearly (1.39% monthly) when it becomes available on 1 October.
The account, which can be opened and operated by post, over the phone and in branch, requires a minimum investment of £1,000. Withdrawals and early access are not allowed, but it'll be possible to add funds while the issue remains open.
The decrease in rate on this savings account has done little to dent its competitiveness, with its wide range of operating methods and flexibility compared with competitors ensuring it holds its own amongst its peers. As such, it rightly deserves its Moneyfacts rating and position in the chart for its sector.
Moneyfacts rating: Excellent
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