The Co-operative Bank launches market leading bond

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.