5-yr bond keeps its grip on the top 10 | Product News - Moneyfacts

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5-yr bond keeps its grip on the top 10

5-yr bond keeps its grip on the top 10

Category: Savings
Date: 29/02/2016

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 It is now over 6 months old so the content may be out of date.

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.

The basics…

5 Year Fixed Rate Bond now pays an attractive 2.95% yearly (3.13% on maturity), a top-10 rate for its sector.

The finer details…

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.

Why we like it…

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

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 Any products featured may be withdrawn by their provider or changed at any time.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 Any products featured may be withdrawn by their provider or changed at any time.

 
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