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Hampshire Trust increases 1yr bond rate 30th November 2016

Hampshire Trust Bank has bucked the unwelcome rate-cutting trend by increasing the rate on its fixed one-year savings bond by 0.30%. This has made it competitive enough to earn it a place in the chart for its sector and a high Moneyfacts rating.

The basics… The HTB 1 Year Bond Issue 8 now boasts a rate of 1.40% paid on maturity.

The finer details… This account requires a minimum investment of £1,000. Additions, withdrawals and early access are not allowed, so savers must be certain they are happy with the amount they initially deposit, and make sure they do not put in more than they can spare for a whole year. The savings account can be opened and managed online and by post.

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Masthaven enters fixed bond market & charts 28th November 2016

Masthaven Bank has launched into the savings market with a selection of fixed term bonds, all of whom are competitive enough to claim places in their respective Best Buy charts, earning an excellent rating in the process.
The basics… The 1 Year Fixed Term Bond boasts a rate of 1.35% paid on maturity, while the 18-month equivalent boasts a rate of 1.44% paid on its anniversary, which is the market-leading rate for its term and sees it sit at the top of the Best Buy chart for its sector. Meanwhile, the two-year bond has a yearly rate of 1.53%, the three-year pays 1.61%, and the five-year version proclaims a market-leading 2.01% yearly rate, also seeing it take pride of place in its respective chart.
All bonds are also available as monthly options, paying slightly reduced rates.
The finer details… These accounts require a minimum investment of £500 and have to be opened online, but can then be operated over the phone as well. Additions are permitted for up to seven days after the chosen account has been opened, but withdrawals and early access are not. Savers will therefore need to be comfortable with their chosen term from the outset.

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ICICI easy access remains appealing 22nd November 2016

ICICI Bank UK has reduced the rate on its popular easy access account. Despite this, it remains competitive enough to stay at the top of the chart for its sector, earning a high Moneyfacts rating in the process.
The basics… The SuperSaver Savings Account now boasts a rate of 1.00% monthly, the joint market-leader in its sector and happily above inflation.
The finer details… This account can be opened with a minimum investment of just £1, but does require people to have or open an ICICI Bank current account to make additions and withdrawals. There are no other restrictions on access, with unlimited additions and penalty-free withdrawals permitted. The savings account must be opened in branch, but can then be managed online, over the phone and via smartphone app as well.

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Zenith enters fixed bond charts 16th November 2016

Zenith Bank (UK) Ltd has launched into the UK market with several fixed term bonds. Its two and three-year deals are competitive enough to claim top-5 positions in their respective Best Buy charts, earning an excellent rating in the process.

The basics…

The two-year Fixed Term Deposit boasts a rate of 1.52% yearly, while the three-year equivalent pays 1.60% per year.

The finer details…

These online-only accounts require a minimum investment of £1,000, but have the unusual feature of no maximum investment limit. Withdrawals, additions and early access are not allowed. Read More...

BLME improves fixed bonds 15th November 2016

The Bank of London and the Middle East (BLME) has increased rates on selected fixed rate accounts. As a result, its two and five-year deals improve their positions in their respective Best Buy charts, earning a high Moneyfacts rating in the process.

The basics…

The two-year Premier Deposit Account now boasts an expected yearly profit rate of 1.53%, while the five-year equivalent pays 2.00%, which sees both sit just behind the market leaders in their respective sectors.

The finer details…

The accounts must be opened online, after which they can be operated by post as well. They require a minimum investment of £25,000. Withdrawals, additions and early access are not allowed, and savers should note that they'll need a BLME current account for transactional purposes.

This bank operates under Islamic finance principles, which means that the rates displayed represent the expected returns.

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Five-year fixed ISA remains excellent 21st October 2016

Skipton BS has amended rates across its range of savings products. Despite this, its five-year fixed rate cash ISA remains competitive enough to stay in the Best Buy chart for its sector, while also holding on to its Excellent rating.
The basics… Skipton's 5 Year Fixed Rate ISA now pays a rate of 1.25% yearly, still a top-10 rate for its terms. A monthly version paying 1.24% is also available.
The finer details… The ISA requires a minimum investment of £500. Further additions are allowed while the issue remains open, as are transfers in from other ISAs. Withdrawals are not permitted, and early access will result in closure of the account and the loss of 365 days' interest, the same penalty as applies to transfers out. The account can be opened and operated online, by post and in branch.

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OakNorth fixed bond stays in charts 21st October 2016

OakNorth Bank has reduced rates on selected fixed term savings accounts. Despite this, its two-year deal has kept its place in the Best Buy chart for its sector, as well as its high Moneyfacts rating.
The basics… The 24-month Fixed Term Deposit now has a rate of 1.46%, which is paid on maturity, but compounded annually, and sees it sit comfortably among its peers.
The finer details… The account must be opened online and then operated by post or phone. It requires a minimum investment of £1,000, and does not permit additions, withdrawals or early access, so savers should ensure they are happy to part with their cash for the full 24 months.

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Milestone improves fixed bonds 21st October 2016

Milestone Savings has bucked the current rate-cutting trend by increasing the rates on its three and five-year fixed term bonds. As a result, both deals sit squarely towards the top of their respective Best Buy charts, earning a high Moneyfacts rating in the process.
The basics… The three-year Fixed Term Deposit now boasts an expected profit rate of 1.62%, the top rate for its terms, while the five-year equivalent pays 2.00%, which sees it sit just behind the market leader.
The finer details… The accounts must be opened online, after which they can be operated by post and phone as well. They require a minimum investment of £10,000. Withdrawals, additions and early access are not allowed. It should be noted that this bank operates under Islamic finance principles, which means that the rates displayed represent the expected returns.

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OakNorth improves 2-yr fixed savings account 07th October 2016

OakNorth Bank has increased rates on its fixed term savings accounts by up to 0.05%, which has helped its two-year deal enter the Best Buy chart of its sector and earned it a high Moneyfacts rating.
The basics… The two-year Fixed Term Deposit now boasts a rate of 1.41%, which constitutes a top-10 rate for its terms.
The finer details… The account must be opened online and can then be operated by post and over the phone. It requires a minimum investment of £1,000. Withdrawals, additions and early access are not allowed, so anyone considering this deal should ensure they are happy to part with their cash for the full two years.

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Julian Hodge keeps 2-yr fixed savings chart spot 28th September 2016

Julian Hodge Bank has decreased the rate on its two-year fixed savings account, but despite this, it manages to maintain its position in the Best Buy chart of its sector and is still deemed worthy of a high Moneyfacts rating.
The basics… The two-year Fixed Rate Deposit Account will boast a rate of 1.40% yearly (1.39% monthly) when it becomes available on 1 October.
The finer details… The account, which can be opened and operated by post, over the phone and in branch, requires a minimum investment of £1,000. Withdrawals and early access are not allowed, but it'll be possible to add funds while the issue remains open.

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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.

 
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