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.
- Masthaven drops bridging rates to 0.49%
- Masthaven eyes new areas of lending
- Masthaven targets strong first-year growth
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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