FirstSave has reduced the rate paid on its five-year fixed bond by 0.20%; however, it remains a competitive offering and has therefore retained its prized place on the charts.
5 Year Fixed Rate Bond 12th Issue now pays an attractive yearly rate of 2.80% (2.76% monthly), enabling it to maintain its place among the top 10 accounts of its sector.
This internet-operated account requires an initial investment of at least £1,000. As is common in this sector, no further additions or early access to funds are allowed. Savers must therefore ensure that they're happy with their initial investment and the length of the term.
This account is likely to continue attracting attention thanks to its competitive rate and the monthly interest option, which will appeal to those who are looking to secure a regular income. Providing savers are happy to lock their money away, this deal could prove to be a good home for their savings.
Moneyfacts rating: Excellent
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