FirstSave has launched a new issue of its two-year fixed rate bond paying a reduced rate of 2.65% yearly.
Issue 15 offers a competitive savings rate of 2.65% to savers wishing to tie funds up for two years. For those looking to supplement their income, a monthly option paying a slightly-reduced rate of 2.62% is also available.
The finer details….
Savers opting for the monthly option will need to invest a minimum of £5,000, while those choosing the yearly option will only need to invest a minimum of £1,000.
Savers must remember that they will not be able to access funds early or make further additions during the term.
Why we like it….
Despite the rate reduction, this two-year fixed rate bond remains in the Moneyfacts Best Buy charts. As such it has earned four out of five Moneyfacts Stars.
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