Cheshire BS has launched three fixed rate bonds that offer improved rates.
Its one year Fixed Rate Bond is a fixed term account, paying 3.75% on maturity (3.69% monthly) on a minimum investment of £1K.
Its two year counterpart pays a yearly rate of 4.15% (4.07% monthly) on a minimum of £1K, while the three year product pays 4.50% yearly (4.41% monthly) on a minimum investment of £1K.
The terms of all three accounts mean no early access or further additions are permitted.
The new issues of these bonds are certainly an improvement (think Daniel Craig replacing Pierce Brosnan), with rates increasing by up to 0.90%. The one year bond sits just below the market leader while the three year product leads the way in its field.
With the two year bond holing its own in the top ten, Cheshire BS has been awarded a hat-trick of four out of five Moneyfacts star ratings.
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