Bank of Scotland ups savings rates | Product News - Moneyfacts

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Bank of Scotland ups savings rates

Bank of Scotland ups savings rates

Category: Savings
Date: 08/10/2013

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 It is now over 6 months old so the content may be out of date.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 Scotland has increased rates across its longer-term fixed savings range.

The basics…

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.

The finer details…

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.

Why we like it…

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.

Four Moneyfacts Stars have been awarded.

What Next?


Compare the 3 year fixed rate bonds

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 Any products featured may be withdrawn by their provider or changed at any time.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 Any products featured may be withdrawn by their provider or changed at any time.

 
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