Clydesdale and Yorkshire Banks have extended their fixed rate savings ranges with the addition of a new five year bond.
The Five Year Term Deposit Account requires a minimum investment of £2K and pays 4.63% on maturity (4.25% yearly and 4.17% monthly).
Early access to the funds is on closure of the account only and subject to a minimum penalty of £30, so it's best to make sure you can commit the funds for the entire five year period to benefit fully from the decent rates on offer.
The availability of several interest options adds to its appeal, while the annual option paying a rate of 4.25% sits in the top quartile of the five year market, and helps it to achieve a rating of four out of five Moneyfacts stars.
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