Can HTB change the interest rate?

• This is a managed variable rate, which means it is set by us and we can change it at any time.
• If we increase the interest rate, we’ll make the change and let you know.
• If we reduce the interest rate, we’ll let you know at least 14 days before.

What would the estimated balance be after 12 months based on a £1,000 deposit?

• £1,000 invested in this account would earn £40.00 interest after 12 months.
• £50,000 invested in this account would earn £2,000.00 interest after 12 months.
• This is for illustrative purposes only and assumes interest is paid and compounded annually. The illustrative example does not consider the individual circumstances of a customer.

How do I open and manage the account?

• You can open an account by completing an application form on our website.
• This account is available to anyone aged 18 or over and a permanent resident in the United Kingdom.
• Once your account is open, you can manage it online through our online portal, by secure message when logged in or by getting in touch.
• You’ll need the minimum balance of £1 in the account to open it and keep it open.
• The maximum account balance is £250,000 with a maximum of £1m balance across all your accounts with us.

Can I withdraw money?

• Yes – this is an easy access account, so you can make unlimited withdrawals.

Additional information

• All payments must be made to – and from – your nominated bank account or into another account with us.
• Read our full terms and conditions here.

How does the 95 day online notice tracker work?

• The interest rate is variable and tracks at the fixed ‘margin’ above the Bank of England (BoE) base rate. Today’s BoE base rate is 4.00% and you can monitor the latest base rate on its website at bankofengland.co.uk.
• If the anniversary falls on a weekend or a bank holiday your interest will be credited on the next working day.

AER means Annual Equivalent Rate, which illustrates what the interest would be if it was compounded annually.

Gross is the interest rate without the deduction of income tax. Interest is paid gross to your account.

Can HTB change the interest rate?

• The interest rate is variable, so it can change at any time.
• There are two types of variable rates, ‘managed’ and ‘tracker’. This is a tracker variable rate, which means it moves down and up in line with the BoE base rate.
• If the base rate changes, the new interest rate on your account will apply without notice, no more than 5 business days following a change in the base rate.
• This interest rate on this account will never drop below 0.00%.
• We may vary the margin:
  • If we decrease the margin (decrease your rate), we’ll provide you with advanced notice of the change equal to the notice period on your account or 30 days, whichever is greater, plus an additional 14 days (e.g. we would write 109 days in advance of a rate decease on a 95-Day notice account).
  • If we increase the margin (increase your rate), you will be given less notice.

What would the estimated balance be after 12 months based on certain deposits?

• £1,000 invested in this account would earn £41.50 interest by the end of the term.
• £10,000 invested in this account would earn £415.00 interest by the end of the term.

This is for illustrative purposes only and assumes interest is paid and compounded annually and the Bank of England base rate, as mentioned above, remains unchanged during the 12 month period. The illustrative example does not consider withdrawals or the individual circumstances of a customer.

How do I open and manage the account?

• You can open an account by completing an application form on our website. We will complete some checks and let you know if we need anything else to help complete your application.
• This account is available to anyone aged 18 or over and a permanent resident in the United Kingdom.
• The account can be held jointly by up to two people.
• Once your account is open, you can manage it online through our online portal, by secure message when logged in or by getting in touch.
• You’ll need the minimum balance of £1 in the account to open it and keep it open.
• The maximum account balance is £250,000 with a maximum of £1m balance across all your accounts with us.
• You have 14 days from the date you applied for the account to fund it. If the account remains unfunded at 14 days, it will be closed.

Can I withdraw money?

• Yes − you can make unlimited withdrawals, subject to your notice period.

Additional information

• You can make as many payments into the account as you like up to the maximum balance.
• All payments must be made to – and from – your nominated bank account or into another account with us.
• Payments received before 1pm on a working day will be paid the same day. For anything after 1pm this will be paid the next working day.
• You have the right to close your account at any time within 14 days of account opening by contacting us.
• If you are seeking certainty on an interest rate or may need immediate access to your money, this account may not be the best option for you – you could consider a notice account or fixed deposit.
• We will not deduct tax from your interest. It is your responsibility to declare to HMRC any tax due on interest.
• Hampshire Trust Bank is an authorised deposit taker and your eligible deposits with us are protected by the Financial Services Compensation Scheme (FSCS), the UK’s deposit protection scheme, up to the applicable limit. The FSCS protects most depositors up to £85,000
• Read our full terms and conditions here.

Can HTB change the interest rate?

• This is a managed variable rate, which means it is set by us and we can change it at any time.
• If we increase the interest rate, we’ll make the change and let you know.
• If we reduce the interest rate, we’ll provide you with advanced notice of the change equal to the notice period on your account or 30 days, whichever is greater, plus an additional 14 days.

What would the estimated balance be after 12 months based on a £1,000 deposit?

• £1,000 invested in this account would earn £39.50 interest after 12 months.
• £10,000 invested in this account would earn £395.00 interest after 12 months.
• This is for illustrative purposes only and assumes interest is paid and compounded annually. The illustrative example does not consider the individual circumstances of a customer.

How do I open and manage the account?

• You can open an account by completing an application form on our website.
• This account is available to anyone aged 18 or over and a permanent resident in the United Kingdom.
• Once your account is open, you can manage it online through our online portal, by secure message when logged in or by getting in touch.
• You’ll need the minimum balance of £1 in the account to open it and keep it open.
• The maximum account balance is £250,000 with a maximum of £1m balance across all your accounts with us.

Can I withdraw money?

• Yes – you can make unlimited withdrawals, subject to your notice period.

Additional information

• All payments must be made to – and from – your nominated bank account or into another account with us.
• Read our full terms and conditions here.