Bank of Cyprus UK has amended the rate on its range of fixed rate bonds and ISAs.
The 2 Year Fixed Rate ISA now pays 1.90% yearly while the 3 Year Fixed Rate Bond pays 2.25% yearly, ensuring they both maintain their top ten positions. The Business/Charity 1 Year Bond also makes the Moneyfacts best buys paying 1.65% yearly (1.45% monthly for business only).
The personal accounts can be opened and operated through branch, post, telephone and the internet, however the business/charity account must be opened in branch and by post and can then be operated via the same channels as well as telephone.
No withdrawals are allowed on any of the accounts but the ISA does permit earlier access to funds, subject to closure of the account and the loss of 180 days' interest. It allows transfers in from other ISAs too, but the bonds do not permit further additions.
A minimum investment of £500 is needed to open the ISA and £1,000 for the bonds.
Paying competitive rates of interest these three products all sit comfortably in the Moneyfacts best buys for their respective terms.
Four Moneyfacts Stars have been awarded.
Compare the best 2 year fixed rate ISAs
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 Any products featured may be withdrawn by their provider or changed at any time.
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