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Moneyfacts.co.uk News brings you the latest financial & economic news & reviews of the best products in the UK by our team of money experts.

BLME improves all fixed bonds 13th January 2017

The Bank of London and the Middle East (BLME) has increased the anticipated profit rates across its range of fixed bonds, which sees all deals improve their positions in the Best Buy charts, and has made the 18-month, one and five-year bonds market-leaders over their respective terms. As a result, all have earned a high Moneyfacts rating.
The basics… The 18-month Premier Deposit Account now boasts a market-leading anticipated profit rate of 1.50%, paid on maturity, while the one-year equivalent pays 1.45% on maturity, also a market-leader. The two-year version pays 1.55% yearly, the three-year 1.65% and the five-year a leading 2.10%, making it worthy of first place in the Best Buys for its sector.
The finer details… These accounts require a minimum investment of £25,000 and have to be opened online, but can then be operated by post as well. Additions, withdrawals and early access are not permitted on these accounts, which require a current account with BLME to be opened. With no access allowed, savers will need to be sure they are happy with the term they choose, but luckily they will have plenty of choice.

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Charter Savings Bank launches 5yr bond 13th January 2017

Charter Savings Bank has launched a new five-year fixed rate bond, which has entered the Best Buy chart for its sector, earning a high rating in the process.
The basics… The new Fixed Rate Bond boasts a yearly rate of 1.95% over a term of five years. A version of the account which pays interest on a monthly basis is also available, paying a slightly reduced rate of 1.93%.
The finer details… This online-only account requires a minimum investment of £1,000. Further additions are allowed within 14 days of account opening, but withdrawals and early access are not, so savers must ensure they are happy to part with their savings for the full term.

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Hanley Economic’s new 2yr fixed bond 11th January 2017

Hanley Economic BS has launched a new two-year fixed bond, which has entered the Best Buy chart for its sector, earning a high rating in the process.
The basics… The Fixed Rate Bond Issue 126 boasts a yearly rate of 1.55%, fixed to 08.01.19.
The finer details… The bond requires a £5,000 minimum investment, up to a maximum of £75,000. It allows further additions while the issue remains open, but withdrawals are not permitted. At least 50% of the funds in the account must be new money to the institution. The account can be opened and operated by branch or post.

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New monthly savings account goes top 11th January 2017

Hanley Economic BS has launched a new monthly savings account, which has entered two Best Buy charts, reaching number two in the monthly interest chart and number one for easy access. It therefore easily earns a high Moneyfacts rating.
The basics… The Monthly Income Saver has a variable rate of 1.06% AER paid monthly (1.05% gross), which must be paid away. This constitutes the market-leading rate in the easy access market.
The finer details… The saver requires a £25,000 minimum initial deposit, at least 50% of which (as well as any additional funds) must be new money to the institution. Further additions are allowed while the issue remains open, up to a maximum investment limit of £75,000, and withdrawals are allowed at any time. The account can be managed by branch and post.

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Rate increase for easy access savings account 11th January 2017

Nottingham BS has increased the rate on its variable rate no notice account by 0.02%, which sees the account take over the number two spot in the Best Buys for its sector, as well as earning a high rating.
The basics… The eSaver Instant Issue 6 now boasts a variable rate of 1.02%, paid yearly, which sees it sit just behind the market-leader. However, among no notice accounts that pay interest on a yearly basis and don't have any opening restrictions, it is now the highest-paying deal.
The finer details… This online-only account requires a minimum investment of £1,000. Further additions and withdrawals are allowed, though both will need to be arranged through a nominated account.

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New fixed bonds take charts by storm 10th January 2017

Atom Bank has launched new three and five-year fixed rate bonds, both of which enter the Best Buy charts of their respective sectors near or at the top, earning a high Moneyfacts rating in the process.
The basics… The 3 Year Fixed Saver pays a highly competitive yearly rate of 1.70%, which sees it sit just behind the market-leader for its term. The five-year equivalent, meanwhile, pays the joint market-leading rate of 2.05% per year, taking over the top chart spot in the process. Both deals are also available as monthly interest accounts, paying 1.69% and 2.03% respectively.
The finer details… The bonds require a minimum investment of £50 and have to be opened and operated by mobile app. Further additions are allowed for one week from account opening, but earlier access and withdrawals are not, which is why savers should make sure they will not need to access their savings for the full term of their chosen deal.

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Secure Trust’s new 120-day notice account 09th January 2017

Secure Trust Bank has launched a new variable rate 120-day notice savings account, which has entered the Best Buy chart for its sector and earned a high rating.
The basics… 120 Day Notice (Issue 20) pays a variable rate of 1.24% quarterly (1.25% AER).
The finer details… The account requires an initial deposit of £1,000. It has to be opened online and can then be managed by post and over the phone. Additions are welcome at any time, and three capital withdrawals and four interest withdrawals are permitted per calendar year. However, these are subject to the required notice period being given, with early access not possible.
A version of this account is also available for businesses, with a higher maximum investment limit and equal standing in its Best Buy chart.

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Ikano’s fixed bonds become market-leaders 06th January 2017

Ikano Bank has increased the rates on its three and four-year fixed savings bonds, which sees both deals now offer the market-leading rate for their respective terms. As a result, their positions in the Best Buys have improved, with the three-year version shooting to number one, and they've both earned a high rating.


The basics… The Fixed 3 Year Saver now boasts a yearly fixed rate of 1.75%, while the four-year equivalent boasts a rate of 1.95%, both being the highest rates for their terms.
These bonds are also available as monthly options, paying slightly reduced rates of 1.74% and 1.93% respectively.


The finer details… These accounts require a minimum investment of £1,000 and have to be opened online, but can then be operated over the phone as well. Additions are permitted for up to 14 days after opening, but withdrawals and early access are not. Savers will therefore need to be happy with their chosen term from the outset.

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Two-year fixed bond improved 05th January 2017

Axis Bank UK has increased the rate on its two-year fixed rate savings bond by 0.04%. This welcome change sees it enter the Best Buy charts for its sector, and earns it a high Moneyfacts rating in the process.
The basics… The Fixed Deposit Account now boasts a competitive rate of 1.54% yearly over a term of two years, paid on maturity. Versions of the account which pay interest on a quarterly or monthly basis are also available (paying a slightly reduced rate of 1.53%).
The finer details… This account requires a minimum investment of £1,000. Additions, withdrawals and early access are not allowed, so savers must ensure they are happy with their initial investment, and that they won't require their savings for the full two years of the term. The bond has to be opened in branch or online and can then be managed by post and in branch.

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New regular saver appeals 29th December 2016

Nottingham BS has launched a new regular saver, which has entered the Best Buy chart for its sector at a competitive fourth place, earning it a high Moneyfacts rating in the process.
The basics… The Tiger Regular Saver, a club-affiliated charity account, boasts a variable yearly rate of 2.50% until 30.06.18.
The finer details… This account requires a minimum initial investment of just £10. There is no penalty for missed payments and no minimum number of payments, with the maximum monthly deposit of £250 allowed across as many payments as you'd like. Withdrawals, however, are not permitted before the account matures.
Its charitable nature means that 0.25% of the account balance is donated to the Leicester Tigers Rugby Club each year, based on the account balance at the end of each month. The account can only be opened and operated in branch.

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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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