Savers can now get 3.00 per cent interest (gross/AER) after Hinckley & Rugby Building Society increased the rate on its one-year bond.
“The increasing amount of mortgage lending we are seeing means we can continue to improve the interest we can offer our savers,” said Hinckley & Rugby chief executive Chris White. “At 3.00 per cent, the one year bond is great value for just a 12 month commitment.”
With a maximum balance of £300,000 and a minimum of £5,000, the bond is available in the Society’s branches or by post. An application form can be downloaded from the Society’s website at www.hrbs.co.uk
Hinckley & Rugby is also continuing to offer its 1 Year Premium Access Bond, which allows one penalty-free withdrawal and pays a variable rate of 2.25 per cent (gross/AER) interest.
The bonds are part of a family of savings products from Hinckley & Rugby, which includes fixed rates, notice accounts, easy access accounts, a business deposit, ISAs and tailored accounts for children. To find out more visit www.hrbs.co.uk or call 0800 434 6343.