5 and 7-yr bonds steal the show | Product News - Moneyfacts

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5 and 7-yr bonds steal the show

5 and 7-yr bonds steal the show

Category: Savings
Date: 02/12/2014

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 It is now over 6 months old so the content may be out of date.

Secure Trust Bank has relaunched its popular five and seven-year fixed rate bonds, which have stormed the Moneyfacts charts and secured a four-star review.


The basics…

Fixed Rate Bond 5 Year Term (Series 13) has a highly competitive rate of 3.01% per annum until 31.1.20, earning it a comfortable place among the top 10 of its sector. Meanwhile, the seven-year version has a yearly rate of 3.25% to 31.1.12, a top rate for its term.


The finer details…

Both of these accounts must be opened online with a minimum deposit of £1,000. They can then be managed by post or phone.

Savers can make further deposits into the accounts while the issues remain open, but early access to funds is not permitted. Savers must therefore be comfortable with the length of the five or seven-year term.


Why we like them…

These accounts look set to retain their popularity among savers thanks to their highly competitive rates. The ability to deposit further funds into the accounts is also a bonus, granting savers some welcome flexibility. However, early access to funds is not allowed, so savers must be happy locking their money away for the full term.

Four Moneyfacts Stars have been awarded.

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 Any products featured may be withdrawn by their provider or changed at any time.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 Any products featured may be withdrawn by their provider or changed at any time.

 
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