Hampshire Trust Bank launches market-leading three-year fixed rate bond

Hampshire Trust Bank, the specialist challenger bank, has launched a market-leading three-year fixed rate bond.

The three-year bond (issue 4) offers a competitive 2.5% annual equivalent rate (AER). The minimum investment is £1,000 and the maximum is £250,000 and application is by post.

This addition to Hampshire Trust Bank’s savings portfolio follows an impressive growth trajectory since its inception in May 2014. Hampshire Trust Bank is seeing significant lending growth and, as a result, is stepping up both personal and business deposits activity to fund the increased lending requirement.

Stuart Hulme, Head of Savings, said: “We understand the challenges customers face in finding competitive rates with high street banks and we are delighted to be in the position to be able to introduce our new bond at a market-leading rate.

“Our savings products are simple, straightforward and offer savers a high rate of interest. We aim to offer savers consistently competitive products, giving customers the choice and return on investment they are looking for.”

As well as offering personal and business savings accounts, Hampshire Trust Bank specialises in providing asset finance, commercial finance and property finance to SMEs.

For more information on Hampshire Trust Bank’s personal savings accounts and to apply, visit htb.co.uk/personal-savings.