“Given the historically low interest rates, many savers are looking for a guaranteed good return and this one year bond delivers that,” said Hinckley & Rugby chief executive Chris White.
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 2.25 per cent (gross/AER) interest.
The new bond joins a family of savings products from Hinckley & Rugby, which includes fixed rates, easy access accounts, a business deposit, ISAs and tailored accounts for children and people aged 50 and over. To find out more visit www.hrbs.co.uk or call 0800 434 6343.