The Co-operative Bank has increased its Fixed Term Deposit rate by 0.69%, pushing it to the top of the one-year fixed-rate bond market.
This deal pays a market-leading rate of 2.31% on maturity and requires a minimum investment of £1,000.
Further additions and early access to funds are not permitted.
The account can be operated in branch, by post, telephone or online by savers aged 16 and over.
Savers looking for a highly competitive short-term bond will be pleased with The Co-op's decision to boost the rate on its existing Fixed Term Deposit deal. Four out of five Moneyfacts Stars have been awarded.
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