Close Brothers Savings has increased the rates paid on selected fixed bonds by up to 0.10%, catapulting its five-year deal into the Moneyfacts charts.
The five-year version of Online Fixed Term Deposit now pays a competitive fixed rate of 3.00% yearly, enabling it to take a place among the top 10 accounts of its sector.
This account can be opened by post or online before becoming internet-operated. A minimum deposit of £10,000 is required.
As with many other fixed rate deals, it does not allow additional deposits or early access to funds, so savers must be happy with the size of their investment and the length of the term from the beginning.
Savers who are searching for a longer-term home for their money are likely to be intrigued by Close Brothers Savings' latest update, which has pushed this deal into the top 10. Now offering an even more competitive rate, this bond is likely to prove popular among those who do not mind locking their funds away.
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 Any products featured may be withdrawn by their provider or changed at any time.
Moneyfacts.co.uk will, like most other websites, place cookies onto your computer’s
hard drive. This includes tracking cookies.