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 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 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.
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
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