Bank of Cyprus UK enters two new bonds into charts | Product News - Moneyfacts

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Bank of Cyprus UK enters two new bonds into charts

Bank of Cyprus UK enters two new bonds into charts

Category: Savings
Date: 10/09/2014

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 It is now over 6 months old so the content may be out of date.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 reviewed its range of fixed rate bonds, increasing some rates by 0.25% and adding two new bonds that head straight into the charts with their competitive terms.

The basics…

The two-year Bank of Cyprus UK bond now pays a rate of 2.15% yearly after having its rate boosted by 0.25%. Meanwhile, the new 15-month savings bond has a rate of 2.01% on maturity while the 18-month variant pays 2.11%, both top 10 rates for their sectors.

The finer details…

All bonds can be opened and operated online, in branch, by phone and by post with a minimum investment of £1,000.

No further additions are allowed and early access is not available, so savers need to think carefully about the amount invested and the term of the bond.

All of these bonds have equivalent business versions available.

Why we like them…

The 18-month and 15-month bonds both move into the top 10 for their competitive terms and rates. While early access is not an option, investors are still likely to find these bonds highly attractive for the saving potential they offer.

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 Any products featured may be withdrawn by their provider or changed at any time.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 Any products featured may be withdrawn by their provider or changed at any time.

 
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