2 and 7-yr bonds take charts by storm | Product News - Moneyfacts

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2 and 7-yr bonds take charts by storm

 2 and 7-yr bonds take charts by storm

Category: Savings
Date: 31/10/2014

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 It is now over 6 months old so the content may be out of date.

Secure Trust Bank has relaunched its popular two and seven-year fixed rate accounts and they've taken the charts by storm, earning top 10 places in their respective sectors.

The basics…

Fixed Rate Bond 2 Year Term (Series 8) pays a highly competitive yearly rate of 2.06%, which is fixed until 31.10.16. This merits it a place among the market-leaders of the Moneyfacts charts.

Fixed Rate Bond 7 Year Term (Series 12) also has a rival-beating rate, paying 3.25% per annum until 31.10.21. This rate also secures it a place among the best buys.

The finer details…

These accounts can be opened online and then managed by post or phone. A minimum deposit of £1,000 is required.

As is common in the fixed rate market, neither bond allows early access to funds or further additions, so investors must be sure about the amount they invest and the length of the term.

Both of these accounts are also available as business bonds.

Why we like them…

These accounts both boast very enticing rates, which has pushed them straight into the top 10 of their respective sectors. As a result, investors are likely to find these accounts very appealing, although savers must be comfortable with locking their money away for the full term.

Four Moneyfacts Stars have been awarded.

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 Any products featured may be withdrawn by their provider or changed at any time.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 Any products featured may be withdrawn by their provider or changed at any time.

 
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