Hampshire Trust Bank – 2 Year Bond – Issue 39
Hampshire Trust Bank has increased the rate paid on its 2 Year Bond by 0.03%, now paying 1.63% on anniversary. Strengthening its position within the top rate tables in its sector, this deal may tempt those who are searching for a competitive return on their cash over the mid-term. Savers must be satisfied with the length of the term and their initial deposit as earlier access is not permitted. The deal earns an Excellent Moneyfacts product rating.
Key product details:
• Rate: 1.63% gross/1.63% AER, payable on its anniversary
• Notice/term: Two years
• Minimum opening amount: £1,000
• Maximum investment amount: £250,000
• Access: Not permitted
• Further additions: For 14 days from account opening
• Opening account: Online
• Managing account: Online, by post and by phone.
• Other information: Minimum applicant age 18.
Wesleyan Bank – 3 Year Fixed Deposit
Wesleyan Bank has launched a three-year fixed rate bond this week, which takes a position within the top rate tables. Paying 1.70% on its anniversary, this deal may well attract those who are happy to lock their money away for a period to be able to secure a healthy return. As is common with fixed accounts, earlier access is not permitted, so savers need to be certain they can commit from the outset. This deal earns an Excellent Moneyfacts product rating.
Key product details:
• Rate: 1.70% gross/1.70% AER, payable on its anniversary
• Notice/term: Three years
• Minimum opening amount: £1,000
• Maximum investment amount: £250,000
• Access: Not permitted
• Further additions: Not permitted
• Opening account: Online
• Managing account: Online
• Other information: Minimum applicant age 18, at maturity paid into a variable rate account pending instructions/withdrawal.
