Hampshire Trust Bank provides high rate savings and specialist finance for businesses and charities. A current account isn’t available. The bank formed in 1977, and a new management team took over in 2014 with a new investor. There are no UK branches, but you can log in and manage your account online 24/7.
Hampshire Trust Bank Business Banking Services
Both fixed and notice accounts are available. Your business can gain a competitive rate on its spare capital. Small businesses, charities, and community organisations can open accounts with Hampshire Trust Bank.
Variable rate notice accounts
Open an account with 30 or 90 days’ notice, and earn 1.25% or 1.46% AER. Interest is paid annually, and the minimum investment is £5,000. You can save up to £750,000.
Fixed term savings accounts
Save for a fixed period of 1, 2, or 3 years, and earn 1.71%, 1.81%, or 2.10% AER. Interest is paid annually, and the minimum investment is £5,000. You can save up to £750,000.
Business finance and loans
Hire purchase, leasing, asset finance, and other business finance products are available. Repayment terms and interest rates aren’t published on the website, you have to enquire for more details.
Hampshire Trust Bank Reviews and Ratings
There are no public reviews on Trustpilot or Reviews.co.uk. Hampshire Trust Bank isn’t included in the Which? list of ‘Best & Worst Banks’.
Feefo has the most reviews, and a positive overall score of 4.8/5. The large majority of customers rate the bank’s service 5/5 – they’re happy with the interest rates, easy set up, and customer service. There’s just one review on Smart Money People, which is a positive rating of Hampshire’s asset finance.
Hampshire Trust Bank won a range of awards for its different products, including Moneyfacts Best Business Fixed Account Provider 2017-2019 and Best Overall Business Savings Provider 2019 at the Moneynet.co.uk awards.
Hampshire Trust Bank has been named as “one of the London Stock Exchange Group’s 1000 Companies to Inspire Britain in 2019″.
- Competitive interest rates and a good choice of fixed and flexible accounts.
- Range of business finance products available.
- Feefo reviews are excellent. Current customers are clearly very pleased.
- Reviews only available on one ratings platform. Would be more trustworthy if they were spread across different sites.
- Lack of specific information about business finance on the website.