30-month fixed bond refuses to budge from charts | Product News - Moneyfacts

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30-month fixed bond refuses to budge from charts

30-month fixed bond refuses to budge from charts

Category: Savings
Date: 29/06/2016

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 It is now over 6 months old so the content may be out of date.

OakNorth Bank has reduced the rates paid on its fixed rate bonds by up to 0.10%; however, its 30-month deal has clung onto its chart spot thanks to its continued competitiveness.

The basics…

The 30-month version of Fixed Term Deposit now pays a still-competitive rate of 1.83% on maturity, enabling it to remain among the top 10 accounts in its sector.

The finer details…

This account must be opened online but it can then be managed by phone as well as online. An initial investment of at least £1,000 is needed in order to open an account.

As is common in the fixed rate market, neither further additions nor early access to funds will be allowed. Savers must therefore ensure that they are happy with their investment and the length of the term.

Why we like it…

Savers who are looking to lock their money away in order to secure a decent return will continue to look favourably on this deal. Still paying a top-10 rate, it remains in the Moneyfacts charts and retains its considerable appeal.

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 Any products featured may be withdrawn by their provider or changed at any time.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 Any products featured may be withdrawn by their provider or changed at any time.

 
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