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BLME increases 2 & 3yr bond rates

BLME increases 2 & 3yr bond rates

Category: Savings
Date: 18/04/2017

The Bank of London and the Middle East (BLME) has increased rates on selected fixed bonds by up to 0.15%, which sees its two and three-year deals strengthen their positions in the Best Buy charts for their sectors, earning a high rating in the process.

The basics…

The two-year Premier Deposit Account now boasts an anticipated profit rate of 1.75%, paid on its anniversary, while the three-year equivalent pays 1.90%. Interest must be paid away on each account.

The finer details…

The accounts require a minimum investment of £25,000, with savers required to have or open a BLME current account to hold funds pending investment. Neither account allows additions, withdrawals or other early access, so savers will have to make sure they are happy to set their funds aside for the entirety of their chosen term. The accounts can be opened online only, but then managed by post as well. They are Sharia'a compliant, which means the rates represent the expected profit rates.

Why we like them…

The increased rates on these bonds have made them even more competitive, earning them their positions in the Best Buy charts as well as a high rating.

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 Any products featured may be withdrawn by their provider or changed at any time.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 Any products featured may be withdrawn by their provider or changed at any time.

 
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