Easy access deal keeps its top-10 place | Product News - Moneyfacts

Product News

Easy access deal keeps its top-10 place

Easy access deal keeps its top-10 place

Category: Savings
Date: 17/12/2015

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 It is now over 6 months old so the content may be out of date.

Harrods Bank has reduced the rate paid on its easy access savings account, but despite this, it remains a competitive force in the market and keeps its place in the Moneyfacts charts.

The basics…

Instant Savings Issue 2 now pays a still-competitive variable rate of 1.31% AER (1.30% quarterly), enabling it to retain its place among the top 10 accounts of its sector.

The finer details…

This account can be opened in branch, by post and online before becoming branch and postal-operated. It is also possible to manage the account by phone if arranged in advance. An investment of at least £25,000 is required to open an account.

Further additions can be made at any time while unlimited, penalty-free withdrawals can be made without notice, giving savers complete flexibility.

Why we like it…

Savers who already have a comfortable sum of money to invest but who want flexible access will continue to be attracted to this deal. Although there has been a rate reduction, it still pays a top-10 rate and offers complete access to the investor, giving them a wealth of desirable flexibility.

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 Any products featured may be withdrawn by their provider or changed at any time.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 Any products featured may be withdrawn by their provider or changed at any time.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