2-yr bond enters the Moneyfacts charts | Product News - Moneyfacts

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2-yr bond enters the Moneyfacts charts

2-yr bond enters the Moneyfacts charts

Category: Savings
Date: 05/06/2015

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 It is now over 6 months old so the content may be out of date.

Milestone Savings has increased the rate of its two-year bond by 0.10%, catapulting it into the top 10 of its sector.

The basics…

The two-year version of Fixed Term Deposit now pays an indicative profit rate of 2.10% yearly, earning it a coveted place on the Moneyfacts charts.

The finer details…

This Sharia'a compliant account must be opened online but it can then be operated by post, by phone and online. An initial deposit of at least £10,000 is required. Savers should note that access is via a nominated account.

No further additions or early access is permitted, so savers should ensure that they are happy with their initial deposit and the length of the two-year term.

Why we like it…

The rate boost to this account has revived its competitiveness and secured it a place on the Moneyfacts charts. As a result, it is likely to prove popular among savers with a decent-sized savings pot to invest. However, the lack of early access means that savers must be happy locking their money away for the full term.

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 Any products featured may be withdrawn by their provider or changed at any time.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 Any products featured may be withdrawn by their provider or changed at any time.

 
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