Melton Mowbray BS has re-entered the short term internet fixed rate market with a new online bond.
The account matures on 2.2.11, paying a yearly rate of 3.50% on a minimum investment of £1K. Early access is on 90 days' loss of interest. Withdrawals (maximum £10K per day) are made via nominated account.
There is a maximum investment cap of £250K, no additions can be made and money must be new to the institution.
At 3.50%, the bond is a major player in the one year bracket and should prove popular to those who prefer to bank online.
The account has been awarded four out of five Moneyfacts stars.
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