Monmouthshire Building Society has re-entered the very limited escalator bond market with a highly competitive three year option.
The second issue of the 3 Year Stepped Fixed Rate Bond pays 3.00% in year one, 4.00% in year two and 5.00% in year five on a minimum investment of £5K (maximum £50K).
No additions can be made but, unlike many fixed bonds, early closure is permitted, although this incurs a 180 days' interest penalty.
Four out of five Moneyfacts Stars have been awarded.
Find the best savings accounts for you - compare medium term fixed rate bonds
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