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Bank of England interest rate rise

 

Following the announcement by the Bank of England on 2 November 2017 to increase the Bank Base Rate by 0.25% to 0.50%, Hampshire Trust Bank will be increasing the interest rates on its variable rate personal and business savings accounts for existing customers by 0.25%, with effect from 1 December 2017.

We will keep all of our customers fully informed.
 

 

Fixed Rate Savings Accounts
Account: 5 Year Business Bond (Issue 6)
AER: 1.60%
Interest Rate: 1.60%
Interest Paid: Annually
Term: 5 years
Min. Investment: £5,000
Max. Investment: £750,000
How to Apply: Online or by Post
Withdrawals: Not permitted before maturity
Features download: Product features download button

£5,000 invested in this account would earn £413.01 interest by the end of the term
£100,000 invested in this account would earn £8,260.13 interest by the end of the term

(Indicative figure assuming annually compounded interest)

A bond is the right choice for you if you:

tick do not need to withdraw your money for the whole fixed term

tick want to know exactly how much interest you will earn

A bond is not the right choice for you if you:

tick want to make withdrawals during the fixed term

tick want to add more money to the account during the fixed term

You cannot withdraw money from your bond before the end of the term

Account: 3 Year Business Bond (Issue 11)
AER: 1.50%
Interest Rate: 1.50%
Interest Paid: Annually
Term: 3 years
Min. Investment: £5,000
Max. Investment: £750,000
How to Apply: Online or by Post
Withdrawals: Not permitted before maturity
Features download: Product features download button

£5,000 invested in this account would earn £228.39 interest by the end of the term
£100,000 invested in this account would earn £4,567.84 interest by the end of the term

(Indicative figure assuming annually compounded interest)

A bond is the right choice for you if you:

tick do not need to withdraw your money for the whole fixed term

tick want to know exactly how much interest you will earn

A bond is not the right choice for you if you:

tick want to make withdrawals during the fixed term

tick want to add more money to the account during the fixed term

You cannot withdraw money from your bond before the end of the term

Account: 2 Year Business Bond (Issue 14)
AER: 1.40%
Interest Rate: 1.40%
Interest Paid: Annually
Term: 2 years
Min. Investment: £5,000
Max. Investment: £750,000
How to Apply: Online or by Post
Withdrawals: Not permitted before maturity
Features download: Product features download button

£5,000 invested in this account would earn £140.98 interest by the end of the term
£100,000 invested in this account would earn £2,819.60 interest by the end of the term

(Indicative figure assuming annually compounded interest)

A bond is the right choice for you if you:

tick do not need to withdraw your money for the whole fixed term

tick want to know exactly how much interest you will earn

A bond is not the right choice for you if you:

tick want to make withdrawals during the fixed term

tick want to add more money to the account during the fixed term

You cannot withdraw money from your bond before the end of the term

Account: 1 Year Business Bond (Issue 13)
AER: 1.30%
Interest Rate: 1.30%
Interest Paid: Annually
Term: 1 year
Min. Investment: £5,000
Max. Investment: £750,000
How to Apply: Online or by Post
Withdrawals: Not permitted before maturity
Features download: Product features download button

£5,000 invested in this account would earn £65.00 interest by the end of the term
£100,000 invested in this account would earn £1,300.00 interest by the end of the term

(Indicative figure assuming annually compounded interest)

A bond is the right choice for you if you:

tick do not need to withdraw your money for the whole fixed term

tick want to know exactly how much interest you will earn

A bond is not the right choice for you if you:

tick want to make withdrawals during the fixed term

tick want to add more money to the account during the fixed term

You cannot withdraw money from your bond before the end of the term

Variable Rate Savings Accounts
Account: 90 Day Business Notice Account (Issue 1)
AER: 1.00%
Interest Rate: 1.00%
Interest Paid: Annually
Term: 90 days
Min. Investment: £5,000
Max. Investment: £750,000
How to Apply: Online or by Post
Withdrawals: Not permitted before maturity
Features download: Product features download button

£5,000 invested in this account would earn £50 interest by the end of the term
£100,000 invested in this account would earn £1,000 interest by the end of the term

(Indicative figure after 1 year assuming no additional deposits or withdrawals)

A bond is the right choice for you if you:

tick do not need to withdraw your money for the whole fixed term

tick want to know exactly how much interest you will earn

A bond is not the right choice for you if you:

tick want to make withdrawals during the fixed term

tick want to add more money to the account during the fixed term

You cannot withdraw money from your bond before the end of the term


Our business savings accounts are designed to enable businesses and organisations to gain a good rate of return on their capital, generally better than that offered by business current accounts.

They offer the same consistently competitive approach as our personal savings accounts, leaving you free to focus on running your organisation rather than monitoring the return on your capital.

We have just launched our UK SME Savings Tracker report.

 

 

“Our business savings accounts are straight forward to open and easy to manage. They offer a good rate of return and are a great alternative to keeping surplus cash in your current account, leaving you free to manage your business safe in the knowledge that your money is working hard for your bottom line. Additionally, because we are focused on supporting British businesses, you can be sure that your money will be directly helping other enterprises through our lending products”.

Stuart Hulme,
Director of Savings
An overview of Hampshire Trust Bank's personal and business savings accounts


*AER stands for “annual equivalent rate” and is a notional rate, which illustrates the gross interest rate as if paid and compounded on a monthly, quarterly or annual basis whichever is applicable to the account.

FSCS logo

Increase in the FSCS limit

Business Moneyfacts Award 2017 - Winner of Best Business Fixed Account Provider Moneynet awards 2017 - Winner of Best Business Savings Provider

 

 Savings Champion 2017 awards - Winner for Customer Service  Savings Champion 2017 awards - Highly Commended for Best Savings Provider for Existing Customers  Savings Champion 2017 awards - Highly Commended for Best Charity Savings Account Provider

Contact Hampshire Trust Bank’s Business Savings team on 020 7862 6220020 7862 6220 or email us.
9am to 5pm Monday to Friday, excluding Bank Holidays

The Savings Team

Stuart Hulme
Stuart Hulme
Director of Savings,
Savings
020 7862 6222
Daniel Wiesen
Daniel Wiesen
Business Support Manager,
Savings
020 7862 6222
Patricia Charalambous
Patricia Charalambous
Head of Savings Operations,
Savings
020 7862 6222
Rita Chauhan
Rita Chauhan
Customer Services Manager,
Savings
020 7862 6222
Lydia Rogers
Lydia Rogers
Savings Analyst,
Savings
020 7862 6222
April Flanagan
April Flanagan
Customer Services,
Savings
020 7862 6222
Jessica Weedon
Jessica Weedon
Customer Services,
Savings
020 7862 6222
Madia Shoukat
Customer Services,
Savings
020 7862 6222

IN Focus

Stay up-to-date with the latest news about Hampshire Trust Bank’s services and forthcoming developments, focused on supporting your achievements and ambitions.

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