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.
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.
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.
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
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