Bank of Cyprus makes the sun shine for savers - Savings - News - Moneyfacts

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Bank of Cyprus makes the sun shine for savers

Bank of Cyprus makes the sun shine for savers

Category: Savings

Updated: 13/05/2011
First Published: 13/05/2011

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 It is now over 6 months old so the content may be out of date.

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Money can also be withdrawn early on the closure of the account and subject to 180 days' loss of interest.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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