Secure Trust Bank has relaunched its popular five-year fixed rate deal, which has gone straight into the Moneyfacts charts for its competitive terms.
Fixed Rate Bond 5 Year Term (Series 14) has a yearly rate of 3.03% fixed until 31.1.20, a market-leading rate for its sector.
This account must be opened online with a minimum investment of £1,000. It can then be managed by post or phone.
Further additions are possible while the issue remains open, but early access to funds prior to maturity is not permitted. Savers must therefore be comfortable with the length of the five-year term from the beginning.
This account is likely to be a popular option among savers thanks to its market-leading rate and the ability to make further additions while the issue is open. However, savers must remember that there is no option to access funds prior to maturity, so they must ensure that they are comfortable locking their investment away.
Four Moneyfacts Stars have been awarded.
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