Earn 2.15% when you tie up your cash for 2 yrs | Product News - Moneyfacts

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Earn 2.15% when you tie up your cash for 2 yrs

Earn 2.15% when you tie up your cash for 2 yrs

Category: Savings
Date: 07/08/2014

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 It is now over 6 months old so the content may be out of date.

Teachers Building Society has reviewed its range of fixed rate bonds and increased rates by up to 0.35%, meaning its one and two-year vbondss easily enter the Moneyfacts charts.

The basics…

Fixed Rate Bond Issue 164 is a one-year account paying from 1.75% to 1.85% yearly, with tiered rates of interest paid depending on the balance (1.75% is paid at £500 and 1.85% on balances of £25,000 and above).

The two-year version, Issue 165, operates under the same principle. It pays 2.05% on balances of £500, up to a highly competitive 2.15% yearly on £25,000 and over.

Both require a minimum investment of £500 and have monthly options paying slightly reduced rates.

The finer details…

The accounts must be opened by post, but can then be operated either by post or online. Further additions are permitted while the respective issues remain open, but as is common in the fixed market, no early access to funds will be allowed.

Why we like them…

These significant rate increases see both the one and two-year bonds sit comfortably in the top 10 for their respective terms.

Four Moneyfacts Stars have been awarded.

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 Any products featured may be withdrawn by their provider or changed at any time.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 Any products featured may be withdrawn by their provider or changed at any time.

 
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