Dunfermline BS has launched Issue 6 of its Monthly Saver account that pays the same competitive rate as its predecessor.
It is an instant access branch based product that pays a yearly rate of 2.00% on a minimum monthly investment of £10 (maximum £250). The underlying rate is guaranteed to be at least bank base rate plus 1.50% until 31.1.12.
A further conditional 2.00% bonus is paid until 31.1.11 on the basis that at least 11 monthly payments and no more than one withdrawal are made during the first year (bonus paid on first anniversary).
At 4.00% including the bonus, this is amongst the market leaders in the variable rate regular savings market, so is likely to do well.
The product has been awarded four out of five Moneyfacts stars.
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