Standard Life Bank has relaunched its 9 month fixed rate bond, which is excellent news for charities.
It is a fixed term telephone operated account which matures on 14.4.10, paying a rate of 2.90% (2.86% monthly) on a minimum investment of £1K. No early access or additions are permitted.
This highly competitive rate is amongst the market leaders in the short term market, although in times of falling donations and subscriptions, charities must ensure the funds will not be needed during the term.
The product has been awarded four out of five Moneyfacts stars.
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