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Bank of Cyprus UK deals go top

Bank of Cyprus UK deals go top

Category: Savings
Date: 17/07/2017

Bank of Cyprus UK has increased rates by up to 0.11% across a range of its fixed ISAs and variable rate accounts, resulting in several solidifying their positions in the charts and two going straight to the top spot.

The basics…

The Online Easy Access Account now pays a rate of 1.15%, including a 0.55% bonus for 12 months, the top rate for its sector. Meanwhile, the one-year Fixed Rate Cash ISA pays a market-leading 1.22%, and the two-year equivalent pays 1.32%, which is still a top-10 rate for its term.

The finer details…

The easy access account requires a minimum investment of just £1, with unlimited further additions and withdrawals permitted, the latter having to be made via a nominated account.
It can only be opened and operated online.

The ISAs, meanwhile, require minimum investments of £500, permit transfers in and allow earlier access subject to the loss of 180 days' interest. Further additions are also allowed, however these will receive a variable rate of interest. The accounts can only be opened online, but can then be managed by phone as well.

Why we like them…

The rate rises to these accounts have ensured their competitiveness in their respective sectors, and with two securing the coveted top spot in the Moneyfacts charts, they're likely to be highly appealing to savers.

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 Any products featured may be withdrawn by their provider or changed at any time.

 

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 Any products featured may be withdrawn by their provider or changed at any time.

 
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