3-yr fixed bond sticks in the charts | Product News - Moneyfacts

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3-yr fixed bond sticks in the charts

3-yr fixed bond sticks in the charts

Category: Savings
Date: 24/02/2016

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 It is now over 6 months old so the content may be out of date.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 three-year fixed bond, but this has failed to dent its competitiveness, enabling it to retain its chart position.

The basics…

Three Year Fixed Rate now pays 2.20% yearly (2.18% monthly), which means it remains among the top 10 accounts of its sector.

The finer details…

This account must be opened and operated online with a minimum investment of £1,000. Savers should note that access is via a nominated account.

Savers are permitted to make additional withdrawals for up to five days after an account has been opened, but early access to funds is not allowed. Savers must therefore be prepared to lock their money away for the full length of the three-year term.

Why we like it…

The rate paid on this account may have been reduced slightly, but this deal still has plenty of appeal. Savers are likely to appreciate the monthly interest option and the flexibility afforded by the five-day period for further additions, which means that this deal can comfortably hold on to a place in the charts.

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 Any products featured may be withdrawn by their provider or changed at any time.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 Any products featured may be withdrawn by their provider or changed at any time.

 
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