Rothschild has launched a new account that signals its re-introduction into the long term fixed rate market.
The Reserve 5 Year Fixed Rate Bank Deposit is operated by post and pays a yearly rate of 4.60% (4.51% monthly, 5.04% on maturity) on a minimum deposit of £20K.
No early access or further additions are permitted.
Offering 4.60%, the product enters at the top end of the five year fixed rate market and should prove popular with investors that are happy to conduct their affairs by post.
The competitive monthly and maturity options also add to its appeal.
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