A golden rate from Buckinghamshire BS - Savings - News - Moneyfacts

News

A golden rate from Buckinghamshire BS

A golden rate from Buckinghamshire BS

Category: Savings

Updated: 07/09/2009
First Published: 07/09/2009

MONEYFACTS ARCHIVE
This article was correct at the time of publication. It is now over 6 months old so the content may be out of date.

Buckinghamshire BS has launched a new fixed term fixed rate savings account that is the market leader in its field.

The Chiltern Gold Mine is a one year fixed term fixed rate account which pays a rate of 6.25% on maturity on a minimum monthly investment of £50 (maximum £250).

Twelve consecutive payments are required to benefit from this top rate. The payment amount cannot be altered during the term and no extra payments are permitted. Missing a payment will result in a nominal amount of interest being paid, while money must be new to the institution.

Buckinghamshire's expansion of its savings portfolio is welcome news to savers who can afford at least £50 a month.

While it is important to decide how much to put away each month, investors should act quickly as this top paying rate may not be around for too long.

The product has been awarded four out of five Moneyfacts stars.

Disclaimer: Information is correct as of the date of publication (shown at the top of this article). Any products featured may be withdrawn by their provider or changed at any time.

Related Articles

6 of the best monthly interest savings accounts

Monthly interest savings accounts pay interest on your savings each month – as opposed to yearly – and therefore allow you to take a regular income from your hard-earned cash.

Savings being used as a festive financial buffer

Good news from RCI Bank UK – its latest research shows that many of us are saving more than we were a year ago, but the question is, will you be dipping into that buffer to cover the cost of Christmas?

6 of the best easy access savings accounts

Easy-access savings accounts are as simple as they sound – they allow you to access your money whenever you need it, without having to give advance notice, and they also allow you to pay into them at any time. Here are six of the best.
 
Close