Offshore savings Updated:
Britannia International is making all the right moves in the offshore savings market by increasing the rates on its short term bonds.
Its One Year Fixed Rate Deposit account now pays 3.00% and its 18 Month Fixed Rate Deposit account 3.25%, rates high enough to make them market leaders in their fields.
The relatively low minimum investment of £5K adds to their appeal.
However, as with many bonds, there is no flexibility for additional investments or withdrawals, so savers will need to be certain about the amount of funds they can commit from the outset.
Sure to fare well in what continues to be a highly competitive offshore savings market, these deals earn four out of five Moneyfacts stars.
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