Dunfermline steps up a savings gear

Category: Savings
Date: 7/15/2010

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.

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