Masthaven alters bond product rates

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

Section: 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.

Keywords: Masthaven Bank, interest rates, fixed rate bond, product changes, annual equivalent rate, Flexible Term Saver

Source: Bridging & Commercial — https://bridgingandcommercial.co.uk/masthaven-alters-bond-product-rates