18-month bond holds on to chart place | Product News - Moneyfacts

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18-month bond holds on to chart place

18-month bond holds on to chart place

Category: Savings
Date: 11/03/2015

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 It is now over 6 months old so the content may be out of date.

Harrods Bank has reduced the rate of selected fixed savings accounts, but despite this its 18-month deal remains an eye-catching offer, enabling it to retain its place among the top 10 accounts of its sector.

The basics…

18 Month Fixed Rate Deposit now pays a competitive rate of 1.85% yearly, allowing it to hold onto its place in the Moneyfacts charts.

The finer details…

This account can be opened in branch and by post with a minimum deposit of £20,000. It can then be managed in the same way as well as by phone. A Call Deposit account will be automatically opened for funding purposes.

Like many fixed rate products, this deal does not allow further additions or early access to funds. Savers must therefore weigh up how much they would like to invest and ensure that they are happy with the length of the 18-month term.

Why we like it…

Although this deal has had a slight rate cut, it remains a strong competitor in the field. The rate paid is still very attractive and will appeal to those investors who are able to make a larger investment. However, savers must be completely happy with their investment from the beginning, as early access and extra additions will not be accepted.

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 Any products featured may be withdrawn by their provider or changed at any time.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 Any products featured may be withdrawn by their provider or changed at any time.

 
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