FirstSave has given its one-year fixed rate bond a boost by increasing the rate by 0.06%, enabling it to take a position near the top of the Moneyfacts charts.
1 Year Fixed Rate Bond 32nd Issue now pays a highly competitive rate of 2.12% yearly (2.10% monthly), which allows it to sit just behind the market-leader of its sector.
This account must be opened and operated online with a minimum investment of £1,000 (a higher investment of £5,000 is required for the monthly interest option).
As is common in the fixed rate sector, additions and early access are not permitted. Savers must therefore be comfortable with both their initial investment and the length of the term from the beginning.
For those who would prefer to manage their account offline, a postal-operated version paying the same yearly rate is also available.
The rate increase to this bond has enhanced its attractiveness. Now sitting just behind the current market-leader, this deal is an appealing choice for internet investors, especially as it also offers a monthly interest option.
Moneyfacts rating: Excellent
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