BM Savings has increased the rate on its one-year bond by 0.15% and it moves into the Moneyfacts best buys.
Now paying 1.75% on a minimum investment of just £1, this fixed rate bond should be popular with savers looking for a short-term home for their money.
The finer details…
The account can be opened by telephone or online but must then be operated by post.
No further additions or earlier access are allowed.
Why we like it…
This rate increase from BM Savings means their short-term bond is a competitive option, but with no earlier access customers must be happy to lock their money away for the year.
Four Moneyfacts Stars have been awarded.
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