Dunfermline steps up a savings gear - Savings - News - Moneyfacts


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.

Dunfermline steps up a savings gear

Dunfermline steps up a savings gear

Category: Savings

Updated: 15/07/2010
First Published: 15/07/2010

This article was correct at the time of publication. It is now over 6 months old so the content may be out of date.
Dunfermline BS has stepped up a gear by increasing the rates available on its one, two and three year fixed rate bonds by up to 0.60%.

The move means all deals now sit within the top 10 of their respective fields.

The replacement of their one year ISA with a four year offering paying 4.15% should also appeal to savers looking for a longer term home for their tax free allowance.

Savers should make sure they are willing to commit funds for the full terms as no access is permitted to the bonds and the ISA incurs a hefty 320 days' interest penalty on any withdrawals.

An added advantage of the ISA is that it allows the 2010/11 investment to be topped up to the full £5.1K, even if the issue becomes closed.

Four out of five Moneyfacts stars are well deserved.

Find the best savings rates for you - Compare savings accounts

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 Any products featured may be withdrawn by their provider or changed at any time.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.