Advertisement:
Category: Savings Date: 11/26/2009
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 Any products featured may be withdrawn by their provider or changed at anytime.
