Close Brothers Savings has increased the rate on its recently launched three-year bond.
The Select Gold 3 Year Fixed Rate Bond now pays 2.50% yearly, an increase of 0.05%, on a minimum investment of £10,000.
The account can be opened by post or online but must then be operated by post or on the phone. Interest is paid on anniversary and must be paid away.
As with many fixed-rate bonds, no additions or withdrawals are permitted.
The increased rate means this product offers a competitive rate of interest for those with £10,000 or more to invest and sees it move up the Moneyfacts best buys.
Four Moneyfacts Stars have been awarded.
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