1-year bond keeps a hold on the charts | Product News - Moneyfacts

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1-year bond keeps a hold on the charts

1-year bond keeps a hold on the charts

Category: Savings
Date: 04/03/2016

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 It is now over 6 months old so the content may be out of date.

Ikano Bank has reduced the rate paid on its one-year bond, but thanks to its ongoing competitiveness, it has maintained its chart position.

The basics…

Fixed 1 Year Saver now pays an attractive yearly rate of 1.90% (1.88% monthly), which enables it to keep its prized place among the top 10 accounts of its sector.

The finer details…

This internet-operated account requires an initial investment of at least £1,000. Some flexibility is granted in the form of additions, which are permitted for up to 14 days after an account is opened. Early access, however, is not allowed, so savers must be happy to lock their money away.

Why we like it…

The rate on this account may have been reduced slightly, but this is unlikely to deter eager savers on the prowl for a good deal – this bond continues to pay an attractive rate, and the fact that it has a monthly interest option will appeal to those who are looking to secure a regular income.

Moneyfacts rating: Excellent

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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 Any products featured may be withdrawn by their provider or changed at any time.

 

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 Any products featured may be withdrawn by their provider or changed at any time.

 
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