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Bank of Cyprus sets savings temperatures soaring

Bank of Cyprus sets savings temperatures soaring

Category: Savings

Updated: 14/01/2011
First Published: 14/01/2011

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 It is now over 6 months old so the content may be out of date.

Bank of Cyprus has set temperatures soaring in the bond market with its new three year deal.

Now paying a rate of 4.10%, it ranks just below the market leaders and should prove popular with savers looking for a medium term home for their funds.

As with most bonds, early access and additional investments are not allowed, so savers will need to make sure of the amount of money they can commit to the account from the very start.

Four out of five Moneyfacts stars are well deserved.

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