Dunfermline has launched a new account that pays top dollar to savers putting money aside each month.
The Platinum Monthly Saver Issue 1 pays 5.00% for one year and allows instant access to funds. There is a minimum monthly investment of £100 and a maximum of £500.
If more than one withdrawal is made or if a monthly payment is missed, the rate of the account drops to 1.00%.
Payments can be amended during the term and extra payments can be made provided monthly maximums are not exceeded.
At 5.00%, the Platinum Monthly Saver is one of the top regular savings rates around, and has the flexibility of one withdrawal during the 12 month term – a rarity when such a top rate is available.
Four out of five Moneyfacts stars have been awarded.
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