Masthaven alters bond product rates

Masthaven alters bond product rates




Masthaven Bank has altered the interest rates on several of its fixed rate bond products.

Interest rates on the bank’s three-year fixed rate bond have been raised from 1.67% to 1.70% annually and 1.69% monthly.

Meanwhile, the bank lowered its one-year fixed rate bond from 1.35% to 1.25% annually and 1.24% monthly.

Its five-year fixed rate bond has also dropped from 2.01% to 1.96% annually and 1.94% monthly.

The new rates – which affect the annual equivalent rate for Masthaven’s flexible term saver products – are effective from 27th January 2017.

Month

Flexible Term Saver (Annual)

Flexible Term Saver (Monthly)

6

0.60%

0.60%

12

1.25%

1.24%

18

1.39%

1.38%

24

1.53%

1.52%

30

1.62%

1.60%

36

1.70%

1.69%

42

1.77%

1.75%

48

1.83%

1.81%

54

1.90%

1.88%

60

1.96%

1.94%

 

The news comes just weeks after Masthaven slashed rates on its first charge bridging products for selected brokers.

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