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.
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.
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.
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.
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