5-yr bond holds fast to chart position | Product News - Moneyfacts

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5-yr bond holds fast to chart position

5-yr bond holds fast to chart position

Category: Savings
Date: 18/11/2014

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 It is now over 6 months old so the content may be out of date.

FirstSave has reviewed its savings offerings and made a slight reduction to its five-year fixed rate deal. However, the terms of this bond are still highly competitive, enabling it to retain its position among the top 10 of its sector.

The basics…

FirstSave 5 Year Fixed Rate Bond 9th Issue now pays 2.95% yearly, a competitive rate that places it among the market-leaders for its sector. A monthly version, paying 2.91%, is also available.

The finer details…

This account can be conveniently opened and operated online with a minimum deposit of £1,000.

Like some other fixed rate deals, this account does not allow further additions or early access to funds, so investors must be comfortable with the amount they invest and the length of the five-year term.

Why we like it…

This deal still has a competitive top 10 rate, despite the reduction, and as such is likely to get attention from eager savers. However, investors must remember that they cannot touch their funds prior to maturity, so they must be happy to lock 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 Any products featured may be withdrawn by their provider or changed at any time.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 Any products featured may be withdrawn by their provider or changed at any time.

 
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