2-yr fixed bond has staying power | Product News - Moneyfacts

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2-yr fixed bond has staying power

2-yr fixed bond has staying power

Category: Savings
Date: 15/10/2015

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 It is now over 6 months old so the content may be out of date.

Paragon Bank has reduced the rate paid on its two-year fixed rate bond, but despite this, it has retained its place on the Moneyfacts charts thanks to its ongoing competitiveness.


The basics…
Two Year Fixed Rate now pays 2.30% yearly (2.28% monthly), enabling it to remain among the top 10 accounts of its sector.


The finer details…
This account must be opened and operated online with an initial investment of at least £1,000. Savers should note that access is via a nominated account.

Further additions are permitted for up to five days after the account has been opened, but early access to funds is not possible. Savers must therefore be confident about investing their money for the entirety of the two-year term.


Why we like it…

Savers looking for a two-year home for their hard-earned savings are likely to pay attention to this deal, which continues to boast an attractive rate. The fact that it also offers a monthly interest option adds to its appeal, and gives savers the flexibility to choose a regular income if desired.

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 Any products featured may be withdrawn by their provider or changed at any time.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 Any products featured may be withdrawn by their provider or changed at any time.

 
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