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FirstSave impresses with dual bond launch

FirstSave impresses with dual bond launch

Category: Savings

Updated: 22/12/2009
First Published: 22/12/2009

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 It is now over 6 months old so the content may be out of date.

FirstSave has delivered an early Christmas present to keen savers with the launch of two bonds that have been recognised as Best Buys by Moneyfacts.

Its 1 Year Fixed Rate Bond Issue 10 is an internet operated one year account that pays a rate of 3.65% on maturity (3.59% monthly) on a minimum investment of £1K (£5K for the monthly option).

Its 2 year equivalent pays a yearly rate of 4.20% (4.12% monthly) on a minimum investment of £1K (£5K for the monthly option).

No further additions or early access are permitted on the accounts.

The one year bond sits just below the market leader in its field, while the two year product fall just short of the top six in the two year fixed sector.

Investors should ensure they can commit to funds for the full term as funds cannot be access until maturity.

These new bonds have been awarded four out of five Moneyfacts stars.

Compare short term fixed rate bonds

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 Any products featured may be withdrawn by their provider or changed at any time.

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