AgriBank has reduced the rate paid on its five-year fixed bond by 0.20%, but despite this, it remains a keen competitor in the market, thereby retaining its place in the charts.
5 Year Fixed Rate Bond now pays an attractive 2.95% yearly (3.13% on maturity), a top-10 rate for its sector.
This account can be opened by post or online before becoming postal-operated. It requires an initial investment of at least £10,000.
As is common in this sector, further additions and early access to funds are not permitted. Savers must therefore be happy with their investment and the length of the bond from the beginning.
Savers who already have a tidy sum to invest are likely to continue to find this account attractive: it still pays a top-10 rate and also offers the additional option of earning interest upon the bond's maturity. As a result, it fully deserves to remain in the Moneyfacts charts.
Moneyfacts rating: Excellent
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