Bank of Scotland has increased rates across its longer-term fixed savings range.
The pick of the bunch is the three-year Fixed Rate Bond offering 2.40% yearly (or 2.37% monthly) on a minimum investment of £2,000. Savers can operate this bond by telephone and in branch.
The bank is also offering a market-leading four-year Fixed Cash ISA that pays 2.45% yearly on a minimum investment of £500. This account can be operated by telephone, in branch and online and allows transfers in of previous ISA savings.
For both products, further additions will not be permitted and early access to funds will result in the closure of the accounts and an interest rate penalty.
The rate increase from Bank of Scotland sees its three-year bond and cash ISA move up into the top ten of comparable savings accounts.
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Compare the 3 year fixed rate bonds
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