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