1-yr bond gets a rate rise | Product News - Moneyfacts

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1-yr bond gets a rate rise

1-yr bond gets a rate rise

Category: Savings
Date: 06/10/2015

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 It is now over 6 months old so the content may be out of date.

FirstSave has increased the rates paid on its one-year bond by 0.06%, earning an 'excellent' rating and a coveted place in the Moneyfacts charts as a result.

The basics…

FirstSave 1 Year Fixed Rate Bond 31st Issue now pays 2.06% yearly (2.04% monthly), enabling it to take a comfortable place among the top 10 accounts of its sector.

The finer details…

This account must be opened and operated online with an initial deposit of at least £1,000 (the monthly interest option requires a higher investment of £5,000). As is common in the fixed rate sector, further additions and early access to funds are not permitted.

For those who prefer to manage their account offline, a postal-operated version with a higher investment limit of £25,000 is available.

Why we like them…

This bond boasts a highly competitive rate, which is sure to attract the interest of savers looking for a short-term home for their funds. Those looking to secure a regular income will also be pleased by the option to earn monthly interest.

Moneyfacts rating: Excellent

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 Any products featured may be withdrawn by their provider or changed at any time.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 Any products featured may be withdrawn by their provider or changed at any time.

 
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