Hampshire Trust Bank

Hampshire Trust Bank savings accounts review

Hampshire Trust Bank offers a broad range of savings accounts with interest rates up to 5.13%.

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Established in 1977, Hampshire Trust Bank is a privately owned specialist bank that provides asset finance, specialist mortgages and development finance solutions. It also offers a number of savings accounts. See our analysis of these accounts below.

Easy access savings accounts

Table: sorted by interest rate
Hampshire Trust Bank's best easy access rate of 5.06% is significantly lower than today's market-best rate of 7.49%.
Name Product Account type Withdrawals Min. opening balance Interest rate Deposit protection Open via Incentive Apply link
Hampshire Trust Bank – Online Easy Access Account (Issue 17)
Variable
Instant access
£1
5.06% AER variable
FSCS logo
protected
Open via: website
Go to site
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Cash ISAs

Table: sorted by interest rate
Hampshire Trust Bank's best cash ISA rate of 4.3% is slightly lower than today's market-best rate of 5.25%.
Name Product Interest rate Minimum investment Interest paid Withdrawals Deposit protection Open via Incentive Table product description Apply link
Hampshire Trust Bank – 3 Year ISA Bond (Issue 7)
4.3% AER fixed for 3 years
£1
Anniversary of account opening
Withdrawals not permitted
FSCS logo
protected
Open via: website
Go to site
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Fixed-rate bonds

Table: sorted by interest rate
Hampshire Trust Bank's best fixed-rate bond rate of 5.13% is very slightly lower than today's market-best rate of 5.21%.
Name Product Interest rate Invest Interest paid Withdrawals Open via Deposit protection Open via Incentive Table product description Apply link
Hampshire Trust Bank – 6 Month Bond (Issue 9)
5.13% AER fixed for 182 days
£1 - £250,000
On maturity
Withdrawals not permitted
Website
FSCS logo
protected
Open via: website
Go to site
View details
Hampshire Trust Bank – 1 Year Bond (Issue 62)
5.1% AER fixed for 1 year
£1 - £250,000
On maturity
Withdrawals not permitted
Website
FSCS logo
protected
Open via: website
Go to site
View details
Hampshire Trust Bank – 9 Month Bond (Issue 11)
4.95% AER fixed for 274 days
£1 - £250,000
On maturity
Withdrawals not permitted
Website
FSCS logo
protected
Open via: website
Go to site
View details
Hampshire Trust Bank – 2 Year Bond (Issue 84)
4.8% AER fixed for 2 years
£1 - £250,000
Anniversary of account opening
Withdrawals not permitted
Website
FSCS logo
protected
Open via: website
Go to site
View details
Hampshire Trust Bank – 3 Year Bond (Issue 63)
4.6% AER fixed for 3 years
£1 - £250,000
Anniversary of account opening
Withdrawals not permitted
Website
FSCS logo
protected
Open via: website
Go to site
View details
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Business savings accounts

Table: sorted by interest rate
Hampshire Trust Bank's best business savings account rate of 4.5% is slightly lower than today's market-best rate of 5.25%.
Name Product Interest rate and type Interest paid Invest Term Open via Incentive Table product description Apply link
Hampshire Trust Bank – 95 Day Business Notice (Issue 9)
4.5% AER variable
Anniversary of account opening
£5,000 - £750,000
95 days notice
Open via: website
Go to site
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What is Hampshire Trust Bank's best savings account with the highest interest rate?

Remember that the best savings account will depend on what you want from your savings. If you're after fast access to your money then an easy access account should suit. However, if you're looking to happy to lock your money away for a period of time to unlock a higher rate, then a fixed-rate bond is a good option. Finally, if you're looking to maximise your returns and shield them from income tax, consider an ISA. Below we've listed the different types of accounts Hampshire Trust Bank offers plus the highest interest rate currently available.
Savings account types include Easy access, cash ISAs, fixed-rate bonds, business
Best easy access rate 5.06%
Best cash ISA rate 4.3%
Best fixed-rate bond rate 5.13%
Best business savings account rate 4.5%
Fixed bond terms 6 months - 5 years
Opening options Website
FSCS protection

How to open an account

To open a savings account with Hampshire Trust Bank, you will need to be at least 18 years old and a UK resident. Accounts can be opened online, but if you’re an existing customer, you can also phone or email the bank and it will open the account for you.

You will need to provide personal details such as your name, date of birth and address as well as your existing current account details (this must be with a UK bank).

Documents needed to open an account

You will only need to provide documents if Hampshire Trust Bank is unable to verify your identity and address electronically. In this case, you will need to provide proof of ID such as a passport or driving licence and proof of address such as a council tax bill, utility bill or bank statement.

Is Hampshire Trust Bank safe?

Yes, Hampshire Trust Bank is authorised by the Prudential Regulation Authority (PRA) and regulated by the Financial Conduct Authority and PRA. All eligible deposits are protected up to a total of £85,000 by the Financial Services Compensation Scheme (FSCS).

Pros and cons

Pros

  • Easy to open an account. Quick to open an account online and no paper documents usually needed.
  • FSCS protection. Money in accounts will be protected up to £85,000 per person.
  • Low deposit required. You can open an account with just £1.

Cons

  • Limited range of accounts. Although Hampshire Trust bank has offered cash ISAs and business savings accounts in the past, these are currently unavailable.
  • No bank branches. You’ll need to be happy banking online or by phone.

Our verdict: Is a savings account from Hampshire Trust Bank worth it?

The savings accounts on offer from Hampshire Trust Bank are certainly competitive and the fact you can open them with just £1 is also a bonus. But the big drawback is that there is currently only an 18-month bond and an easy access account to choose from. This means that overall, its range of accounts is pretty disappointing and you could be better off going elsewhere.

Frequently asked questions

Savings ratings

★★★★★ — Excellent
★★★★★ — Good
★★★★★ — Average
★★★★★ — Subpar
★★★★★ — Poor

Finder scores, in blue, are based on our expert analysis. We also show reviews from users, where we've received more than 10, with a score in yellow. We gather more reviews from customers every year in Finder's customer satisfaction survey.

We show offers we can track - that's not every product on the market...yet. Unless we've said otherwise, products are in no particular order. The terms "best", "top", "cheap" (and variations of these) aren't ratings, though we always explain what's great about a product when we highlight it. This is subject to our terms of use. When you make major financial decisions, consider getting independent financial advice. Always consider your own circumstances when you compare products so you get what's right for you.

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