Clydesdale Bank increases rates - Savings - News - Moneyfacts

News

Moneyfacts.co.uk News brings you the latest financial & economic news & reviews of the best products in the UK by our team of money experts.

Clydesdale Bank increases rates

Clydesdale Bank increases rates

Category: Savings

Updated: 22/06/2009
First Published: 22/06/2009

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 It is now over 6 months old so the content may be out of date.

Clydesdale Bank has given its savers a boost with news that it is to increase rates on selected fixed term accounts and its Children's Bond.

The Children's Bond will have its rate increased by between 0.50% and 0.75%, meaning it will remain in the top quartile of Children's products.

The further changes to its fixed term Deposits are as follows: 12 month – 2.85% (+0.60%); 3 year – 4.50% (+0.50%); 5 year – 5.00% (+0.75%). Monthly and on maturity options are also to increase.

The five year option is now the market leader in the long term fixed rate bond field, while the three year product now sits in the top six in its category.

Early access and closure are permitted (subject to penalty), which should add to their appeal.

Disclaimer: Information is correct as of the date of publication (shown at the top of this article). Any products featured may be withdrawn by their provider or changed at any time.

Related Articles

Just 44 savings accounts beat inflation

Inflation recorded another large jump during December, and predictably, this has had a devastating impact on the number of savings accounts that beat it, so much so that you’ll need to lock your money away if you want an inflation-beating return.

Just 47% have money in a savings account

We’re often told of the importance of saving, yet unfortunately, the message doesn’t always get through. Indeed, research shows that just 47% of those surveyed have money in a savings account, and 17% have no savings or investment whatsoever.

How much will you save this year?

Many of us have set savings goals for the year ahead, and planning to budget better and save more will be at the top of many financial resolution lists. But how much are you hoping to squirrel away? Encouragingly, many people have impressive targets.
 
Close