Tesco Bank has upped the rate paid on its two year fixed rate bond, catapulting it into the top five in its class.
The 2 Year Fixed Rate Saver now offers yearly 3.50% (+0.15%).
At 3.50% the two year bond is paying a top five rate so should appeal to investors and the monthly option paying 3.45% offers those looking to supplement their income a competitive deal.
As with many bonds there is no flexibility for additions or withdrawals so investors will need to know what funds they can commit from the outset.
Four out of five Moneyfacts stars have been awarded.
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