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Product focus: Five year branch accounts

Product focus: Five year branch accounts

Category: Savings

Updated: 03/11/2010
First Published: 29/10/2010

MONEYFACTS ARCHIVE
This article was correct at the time of publication. It is now over 6 months old so the content may be out of date.

Despite the online banking phenomenon, a large number of people prefer to conduct their business in branch.Branch based banking enables a more personal service, and plenty of providers offer a range of branch based accounts.

Here is a selection of the current best five year fixed savings rates.

Progressive Building Society – Limited Issue Five Year Fixed Term Bond Issue 19

This account pays an annual rate of 4.30%. A monthly interest option is available at 4.15%. Savers can invest between £500 and £1 million, although the minimum deposit for those choosing monthly interest is £5,000. Further additions can be made whilst the issue remains open. Early access is not allowed. The account is available to savers of all ages and can be operated in branch or by post.

Principality Building Society – 5 Year Fixed Rate Bond 179

This five year bond pays 4.10% on its anniversary. A monthly interest option is also available at 4.02%. Investments range between £500 and £1 million and further additions can be made whilst the issue remains open. Early access is allowed on closure, although this is subject to 360 days loss of interest. The account can be operated in branch or by post by savers of all ages.

Norwich & Peterborough Building Society – Fixed Rate Bond

The Fixed Rate Bond from Norwich & Peterborough pays an annual rate of 3.75%. A monthly interest option is available at 3.69%. Savers can invest between £1,000 and £1 million. Further additions are not permitted. Early access is allowed on closure, subject to 300 days loss of interest. The account can be operated in branch, by post and online by savers of all ages.

Find the best savings rates for you - Compare savings accounts

Disclaimer: Information is correct as of the date of publication (shown at the top of this article). Any products featured may be withdrawn by their provider or changed at any time.

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