3 & 5-yr bonds stay in the top 10 | Product News - Moneyfacts

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3 & 5-yr bonds stay in the top 10

3 & 5-yr bonds stay in the top 10

Category: Savings
Date: 26/05/2015

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 It is now over 6 months old so the content may be out of date.

Close Brothers Savings has made a slight reduction to the rates of its three and five-year bonds, but despite this, both have kept their places among the top 10 accounts of their respective sectors.

The basics…

The three-year version of Select Gold Fixed Term Deposit now pays 2.30% yearly, enabling it to maintain its place in the Moneyfacts charts. Its five-year counterpart now pays 2.90% yearly, which also allows it to stay in the top 10 of its sector.

The finer details…

These postal-operated accounts require an initial investment of at least £10,000. Savers should note that interest must be paid away.

As is common in the fixed rate market, further additions and access to funds prior to maturity is not permitted. Savers must therefore be comfortable with the amount they invest and the length of the term from the beginning.

Why we like them…

These accounts may have experienced a slight rate reduction, but they still offer top-10 rates. As a result, they are likely to continue to attract eager savers on the lookout for a competitive deal. However, savers must bear in mind that there is no option to withdraw or add funds, so they must think carefully about how much they are willing to lock 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 Any products featured may be withdrawn by their provider or changed at any time.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 Any products featured may be withdrawn by their provider or changed at any time.

 
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