5-yr fixed rate bond is a market-leader | Product News - Moneyfacts

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5-yr fixed rate bond is a market-leader

5-yr fixed rate bond is a market-leader

Category: Savings
Date: 08/01/2015

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 It is now over 6 months old so the content may be out of date.

Secure Trust Bank has relaunched its popular five-year fixed rate deal, which has gone straight into the Moneyfacts charts for its competitive terms.

The basics…

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.

The finer details…

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.

Why we like it…

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.

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 Any products featured may be withdrawn by their provider or changed at any time.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 Any products featured may be withdrawn by their provider or changed at any time.

 
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