Bank of Cyprus has made sure the sun is shining on savers with the launch of two new bonds.
Requiring a minimum investment of £1, Bank of Cyprus UK Bond is a three year fixed term account now paying 4.25%.
Sitting just below the market leaders in its field, the bond does not allow early access to funds or additional investments to be made.
Also having a three year term is its Cash ISA Bond which pays the same rate of 4.25%.
It is the top rate in its field, while additional investments are welcome during the tax year – the minimum investment is again £1.
Money can also be withdrawn early on the closure of the account and subject to 180 days' loss of interest.
Four out of five Moneyfacts stars are a fitting reward.
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