Melton Mowbray BS new two and three year fixed rate savings bonds offer hard pressed savers a little Christmas cheer.
The two bonds each pay 4.5% interest on investments of £1,000 minimum to a maximum of £100,000. This rate places them amongst the market leaders but what we like about these bonds is that should the need arise you can access your money early (losing 90 days interest), something most fixed rate bonds simply won't allow.
As well as being able to close the bond early, you can also add to your original investment at any time during the life of the bond, a second feature that is not normally permitted with a fixed rate bond.
Clearly innovative and proving that it's not just fantastic pies to come out of Melton Mowbray, we rate this four out of five possible Moneyfacts stars.
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