Rate rise for 2 & 3-yr bonds | Product News - Moneyfacts

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Rate rise for 2 & 3-yr bonds

Rate rise for 2 & 3-yr bonds

Category: Savings
Date: 29/05/2015

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 It is now over 6 months old so the content may be out of date.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 of its two and three-year fixed bonds by up to 0.30%, cementing the accounts' positions in the Moneyfacts charts.

The basics…

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.

The finer details…

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.

Why we like them…

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

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 Any products featured may be withdrawn by their provider or changed at any time.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 Any products featured may be withdrawn by their provider or changed at any time.

 
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