Ikano Bank may have reduced selected fixed rates by up to 0.10%, but its two and three-year deals have shown their quality by remaining in the Moneyfacts charts.
Fixed 2 Year Saver now has a competitive yearly rate of 2.05% (2.03% monthly), while its three-year counterpart has an attractive rate of 2.20% yearly (2.18% monthly), enabling both to keep comfortable places among the top 10 accounts of their respective sectors.
Both of these accounts must be opened and operated online with a minimum investment of £1,000.
Savers are allowed to make additional deposits for up to 14 days after an account has been opened, but access to funds prior to maturity is not permitted. Savers must therefore ensure that they are happy to lock their money away for the full length of their chosen term.
Internet investors who are hunting for a competitive deal may find the perfect solution in these fixed bonds. Both continue to pay top-10 rates in spite of the recent decreases, and they also offer appealing monthly interest options for those who would prefer to receive a regular income.
Moneyfacts rating: Excellent
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