Bank of Cyprus UK amends savings rate | Product News - Moneyfacts

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Bank of Cyprus UK amends savings rate

Bank of Cyprus UK amends savings rate

Category: Savings
Date: 12/03/2014

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 It is now over 6 months old so the content may be out of date.

Bank of Cyprus UK has amended the rate on its range of fixed rate bonds and ISAs.

The basics…

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 finer details…

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.

Why we like them…

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.

What Next?

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 Any products featured may be withdrawn by their provider or changed at any time.

 

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 Any products featured may be withdrawn by their provider or changed at any time.

 
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