Hodge Bank, One Central Square, Cardiff, CF10 1FS.
With £1,000 or more to deposit for periods of up to 3 months, you can earn interest by placing funds in a 3 Month Fixed Rate Account.
No withdrawals are permitted on an account after the initial deposit. You can however invest in as many fixed rate accounts as you like.
The interest can be credited to the account or transferred to your external bank account from which the funds originated.
Up to 0.77%
Gross Rate* - interest paid annually and compounded for balances £250,000+
Up to 0.67%
Gross Rate* - interest paid annually and compounded for balances £1,000+
You can choose to receive your interest monthly, or annually from your account. The interest rate on your account is flexible in line with the balance you hold.
Is the contractual rate of interest payable before the deducation of income tax at the rate specified by law. The payment can be made annually or monthly.
AER stands for Annual Equivalent Rate and illustrates what the interest rate would be if paid and compounded each year.
§Compounded interest and interest paid away
Compounded interest is interest that rolls up annually and is paid on maturity of the account. Interest paid away means the interest isn’t compounded over the term of the account. It is placed into a designated current account every month
Why not browse our range of other non-personal accounts to see which may suit you best