2-yr bond gets a welcome rate rise | Product News - Moneyfacts

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2-yr bond gets a welcome rate rise

2-yr bond gets a welcome rate rise

Category: Savings
Date: 17/07/2015

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 It is now over 6 months old so the content may be out of date.

Aldermore has increased the rates of selected fixed bonds by up to 0.30%. Its two-year deal has subsequently reinforced its position in the charts and earned an 'excellent' rating.

The basics…

2 Year Fixed Rate Account now pays 2.25% yearly (2.23% monthly), enabling it to secure its competitive position in the Moneyfacts charts.

The finer details…

This account can be opened and operated by post, by phone and online. An initial investment of at least £1,000 is required.

As is common in the fixed savings sector, no further additions or early access is allowed. Savers must therefore think carefully about how much they are willing to invest and lock away for the two-year term.

Why we like it…

The rate boost to this account has added some extra gloss to its appeal, something that is sure to attract eager savers. However, it does lack flexibility asides from the monthly interest option, so savers must ensure that they are happy to lock 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 Any products featured may be withdrawn by their provider or changed at any time.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 Any products featured may be withdrawn by their provider or changed at any time.

 
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