Chart place held by 3-yr bond | Product News - Moneyfacts

Product News

Chart place held by 3-yr bond

Chart place held by 3-yr bond

Category: Savings
Date: 05/02/2016

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 It is now over 6 months old so the content may be out of date.

Ikano Bank has reduced the rate paid on its three-year fixed rate bond; however, its continued competitiveness has enabled it to retain its prized place on the Moneyfacts charts.

The basics…

Fixed 3 Year Saver now pays 2.45% yearly (2.42% monthly), a competitive rate that allows it to remain among the top 10 accounts of its sector.

The finer details…

This internet-operated account requires an initial investment of at least £1,000. Savers are welcome to make additional deposits for up to 14 days after the account has been opened, but early access prior to maturity is not permitted. Interested savers must therefore ensure that they are comfortable with the length of the term.

Why we like it…

The rate reduction has not dented this account's competitiveness; it still holds a top-10 place and also boasts an appealing monthly interest option, which will strike a chord with those who are looking to secure a regular income. The fact that further additions are also permitted for a limited period adds some extra shine.

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 Any products featured may be withdrawn by their provider or changed at any time.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 Any products featured may be withdrawn by their provider or changed at any time.

 
Close