5-yr bond elbows into the charts | Product News - Moneyfacts

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5-yr bond elbows into the charts

5-yr bond elbows into the charts

Category: Savings
Date: 24/08/2015

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 It is now over 6 months old so the content may be out of date.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 secured another chart place with its new five-year fixed rate deal, which has won an 'excellent' rating for its competitive rate and terms

The basics…

The five-year version of Online Fixed Term Deposit pays a competitive rate of 2.85% yearly, enabling it to sit comfortably in the charts.

The finer details…

This account must be opened and operated online with an initial investment of at least £10,000.

As with most other fixed rate deals, this account does not allow further additions or early access to funds. Savers must therefore be comfortable with the amount they invest and the length of the term from the beginning.

Why we like it…

Internet investors on the hunt for a longer-term home for their savings are likely to be intrigued by this latest offer, which pays an attractive top-10 rate. However, this bond will best suit those who are confident about locking their money away, as there is no facility for early access should the need arise.

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 Any products featured may be withdrawn by their provider or changed at any time.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 Any products featured may be withdrawn by their provider or changed at any time.

 
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