Secure Trust Bank has relaunched its competitive five and seven-year fixed rate bonds, both of which have established themselves towards the top of the Moneyfacts charts.
Fixed Rate Bond 7 Year Term (Series 22) pays 3.15% yearly until 30.9.22, the top rate for its term. Its five-year counterpart (Series 23) pays a yearly rate of 3.11% until 30.9.20, which enables it to sit just behind the market-leader of its term.
Both of these accounts must be opened online with a minimum deposit of £1,000. They can then be managed by post and phone.
Unusually, additional deposits can be made while the issues remain open, but early access to funds is not permitted. Savers must therefore be comfortable with the length of their chosen term.
Business versions of these accounts paying the same rates are also available for non-personal savings.
Both of these bonds sit near the top of their respective fields, which is sure to attract the attention of savers. Their competitive rates, combined with the flexibility of adding further additions, mean that those looking for a longer-term home for their savings are likely to be pleased by these accounts' return to market.
Moneyfacts rating: Excellent
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