The Co-operative Bank has added to its fixed rate bond stable with a new three year product which leads the way in its market.
The 3 Year Fixed Rate Bond pays 5.00% yearly on a minimum investment of £5K.
Early access is only allowed during the last 30 days of each account year, and is subject to a 2.00% reduction in the rate for that year. No additions are permitted.
The 5.00% rate ensures this bond sits at the top of the three year bond market and should prove popular with those looking to invest with a high street name.
The ability to close the account, albeit with a heavy penalty, will add to its appeal in the current economic climate.
The product is well worthy of four out of five Moneyfacts stars.
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 Any products featured may be withdrawn by their provider or changed at any time.
Moneyfacts.co.uk will, like most other websites, place cookies onto your computer’s
hard drive. This includes tracking cookies.