Back

Hampshire Trust Bank Plc Bank Logo

Hampshire Trust Bank Plc: Easy Access Account

Product overview

Interest rate
3.92% AER Help content for Annual rate
Rate type
Variable
Term
Variable
Min / max amount
£1,000 - £85,000
Money available
Within a few days
14 day cooling-off period available
Yes
Interest added to account
Monthly
Deposit guarantee
FSCS protection up to £85,000

Product details

Account name

Hampshire Trust Bank Plc: Easy Access Account

What is the interest rate?

3.92% AER / 3.85% Gross AER is the Annual Equivalent Rate and represents what the interest rate would be if interest was realised and paid once each year. Accrued interest is compounded daily and paid gross monthly without prior deduction of tax. Interest is credited monthly on the last day of each month.

Can Hampshire Trust Bank Plc change the interest rate?

The interest rate applicable to your deposit is variable. Should the bank set a date to lower the interest rate, you will be given a minimum of 14 days’ notice. You may receive less notice if the rate increases. Please review the Raisin Trust Terms and Conditions for more information.

What would the estimated balance be after 12 months based on a £1000 deposit?

The estimated balance after 12 months on a deposit of £1,000 is £1,039.25. This projection is for illustrative purposes only and does not take into account individual circumstances.

How do I open and manage my account?

To open this savings account, you must apply online through Raisin UK. Savings accounts at Raisin UK are only available through this online application process, and to be eligible to apply, you must: ● Be a UK resident who is aged 18 or over ● Hold a UK bank or building society account from which you will fund your application ● Have a valid mobile phone number and email address ● Have a UK National Insurance Number Your application acceptance will be subject to the successful completion of Anti-Money Laundering/Know Your Customer (AML/KYC) check. The minimum amount you can open and operate this account with is £1,000. You can top up your account with the minimum amount of £500 per transaction and the maximum balance you can have is £85,000 (per product and banking institution). You can manage your savings account through Raisin UK by logging into your Raisin UK Account. You can contact Raisin UK by telephone, by email or in writing by using the contact details provided in the Raisin UK Terms & Conditions. Please ensure you have read and understood all sets of Terms and Conditions before applying for this product

Can I withdraw money?

Raisin Platforms Limited (RPL), will administer the deposit on your behalf. Funds will appear in RPL's account by the following business day from funding your application at the latest. Funds will be remitted to Hampshire Trust Bank Plc by RPL on the next business day after arriving in the RPL account. There is no limit to the amount of withdrawals you can make; however, you are unable to withdraw less than £500 in a single withdrawal transaction and a withdrawal will not be authorised if it leaves your balance below £1000.00. To withdraw below your minimum balance you may close your account at any time by requesting closure from within your customer portal.It can therefore take up to 2 business days for an ordered product to be set up and start earning interest, and up to 2 business days for withdrawals and closures to be processed and funds received back in your Aviva plc account. Cash and deposits will be held by RPL in trust for you under FCA client money and asset rules.You have the right to cancel your account without charge and without giving any reason, within 14 calendar days from the day of opening this savings account. For further information, please refer to clauses 3.5 and 3.6 of the Raisin Trust Terms and Conditions.

Additional information

Raisin Platforms Limited (RPL), will administer the deposit on your behalf. Funds will appear in RPL's account by the following business day from funding your application at the latest. Funds will be remitted to Hampshire Trust Bank Plc by RPL on the next business day after arriving in the RPL account. It can therefore take up to 2 business days for an ordered product to be set up and start earning interest, and up to 2 business days for withdrawals and closures to be processed and funds received back in your Aviva plc account. Cash and deposits will be held by RPL in trust for you under FCA client money and asset rules.You have the right to cancel your account without charge and without giving any reason, within 14 calendar days from the day of opening this savings account. For further information, please refer to clauses 3.5 and 3.6 of the Raisin Trust Terms and Conditions.

Deposit guarantee

The FSCS is the United Kingdom’s statutory deposit guarantee scheme. If an FSCS-protected bank fails or is unable to meet its financial obligations, the FSCS can provide compensation for eligible customer deposits up to a limit of £85,000 per person, per bank. The FSCS’ £85,000 protection limit applies to all deposits held with a bank (including current and savings accounts), as well as any deposits held with intermediaries of the same bank (for example, where a bank operates multiple banks under different trading names). Read our dedicated FAQ page to learn more about the FSCS.

About Hampshire Trust Bank Plc

Hampshire Trust Bank (HTB) is a privately owned British bank that provides award-winning savings services. HTB also specialises in finance solutions for British businesses through specialist mortgages, business finance and development finance products. The FSCS protects deposits made into savings accounts offered by Hampshire Trust Bank Plc through our marketplace, and Hampshire Trust Bank Plc is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority.

About Aviva Save

Aviva works with partner companies to provide Aviva Save.

Raisin

We've teamed up with Raisin to offer you Aviva Save. Raisin provides savings marketplaces to over 1,000,000 customers across 30+ countries.

Raisin provides the Aviva Save Marketplace and also acts as a Trustee for some of the partner banks.

ClearBank Ltd

Your Aviva Save transaction account is provided by ClearBank, who look after money transfers from your current account to Aviva Save.

ClearBank provides the Aviva Save transaction account that manages transactions with your own bank.

Interest rates

  • When we show the interest rate as an AER, it stands for Annual Equivalent Rate
  • This is what the interest rate would be if it was paid once a year
  • It helps you compare different accounts, by showing you how much you would earn on your savings if the accounts were held for the same amount of time
  • The rates offered by our bank partners can change at any time
  • When you apply you'll get the rate that's in effect at the point your account is set up, so it's important to transfer money into Aviva Save as soon as possible after you apply