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.
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.
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.
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.
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.
Secure Trust Bank has launched a new variable rate 120-day notice savings account, which has managed to enter the Best Buy chart for its sector and earned itself an Excellent rating in the process.The basics… 120 Day Notice (Issue 19) pays a variable rate of 1.24% quarterly (1.25% AER).The finer details… This account requires an initial deposit of £1,000. It has to be opened online and can then be managed by post or over the phone. Additions are welcome at any time, and three capital withdrawals and four interest withdrawals per calendar year are permitted. 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 slightly higher standing in its respective Best Buy chart.
Vanquis Bank has increased its one, two and five-year fixed rate savings bonds by up to 0.14%, which has particularly strengthened the chart position of the five-year bond, while also gaining it an Excellent rating.The basics… The five-year bond now boasts a rate of 2.01% yearly (1.99% monthly), strengthening its position in the top 10 to see it sit just behind the market leader.The finer details… The solely internet-operated bond requires a minimum investment of £1,000. Withdrawals, additions and early access are not allowed, and any transactions have to be made through a nominated current account.
Charter Savings Bank has launched new one-year and 18-month fixed rate savings bonds with highly competitive rates, which have stormed straight into the top 4 of their Best Buy chart.The basics… The one-year Fixed Rate Bond boasts a rate of 1.46%, while the 18-month equivalent pays 1.50%. Both also offer monthly versions paying slightly reduced rates (1.45% and 1.49% respectively).The finer details… Both bonds require a minimum investment of £1,000. Withdrawals are not allowed, but further additions are, as long as they are made within 14 days of account opening. The accounts can only be opened and operated online.
Ikano Bank has amended rates across its range of fixed savings bonds. Nonetheless, the two, three and five-year bonds remain competitive and thereby manage to keep their top-10 positions in their respective Best Buy charts.The basics… The Fixed 2 Year Saver now boasts a rate of 1.50%, the Fixed 3 Year Saver a rate of 1.65%, and the Fixed 5 Year Saver stands at 1.95%. Monthly versions are also available, paying 1.49%, 1.64% and 1.93% respectively.The finer details… The bonds require a minimum investment of £1,000. Withdrawals are not allowed, but further additions within 14 days of account opening are. The accounts have to be opened and operated online.
Raphaels Bank has reduced the rate paid on its 60-month fixed bond by 0.15%; however, this hasn't dented its competitiveness in the market and it has retained its 'excellent' rating as a result.The basics…The 60-month version of Fixed Rate Bond now pays a competitive yearly rate of 2.20%.The finer details… This deal can be opened and operated in branch and by post with an initial investment of at least £5,000.Savers will need to ensure that they are happy with their investment and the length of the term from the beginning as this deal does not allow either additions or early access to funds.
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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