Hampshire Trust Bank has increased the rates of its two and three-year fixed bonds by up to 0.30%, cementing the accounts' positions in the Moneyfacts charts.
HTB 2 Year Bond Issue 3 now pays a competitive yearly rate of 2.10%, allowing it to sit comfortably among the top 10 accounts of its sector. Its three-year counterpart (Issue 3) pays 2.35% yearly, which also enables it to take a place among the top 10 in the charts.
Both accounts must be opened and operated by post with a minimum deposit of £1,000.
As with many fixed rate deals, no further additions or early access to funds is allowed, so savers must be entirely comfortable with the length of their chosen term and the level of investment from the beginning.
The rate boost to both of these accounts has increased their competitiveness in the market and secured their positions in the charts. As a result, they are likely to prove popular with savers. However, the lack of access does mean that they will need to be happy locking their money away for the full length of their chosen term.
Moneyfacts rating: Excellent
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