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Wesleyan fixed rate bond is class above

Wesleyan fixed rate bond is class above

Category: Savings

Updated: 01/07/2011
First Published: 01/07/2011

MONEYFACTS ARCHIVE
This article was correct at the time of publication. It is now over 6 months old so the content may be out of date.

Wesleyan Bank has increased the rate on its one year bond, making it the best option in its class.

The 1 Year Fixed Rate Deposit has had its rate increased by 0.15% to 3.55%.

Paying 3.55%, it now tops the table for short term fixed bonds.

Unlike many short term bonds earlier access is permitted subject to an interest penalty, but as this is a hefty 180 days' loss of interest investors should aim to invest funds for the full term.

Four out of five Moneyfacts stars have been awarded.

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