FirstSave 5-year bond tops best buys | Product News - Moneyfacts

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FirstSave 5-year bond tops best buys

FirstSave 5-year bond tops best buys

Category: Savings
Date: 09/04/2013

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 It is now over 6 months old so the content may be out of date.

FirstSave has reviewed its fixed rate savings range, with the five-year option now offering a market-leading 2.90% yearly.

The basics…

Savers must deposit at least £1,000 in order to qualify for FirstSave's five-year fixed rate bond (Issue 2).

As an added bonus, there is also a monthly interest option, paying a slightly reduced rate of 2.86%. However, savers must deposit at least £5,000 in order to be eligible for this monthly rate.

The finer details….

This account can be opened and operated online only.

Savers must also remember that neither early access to funds nor additions are permitted with this account.

Why we like it….

Despite the rate reduction, FirstSave's five-year savings bond still tops the Moneyfacts Best Buys for longer-term savings. The monthly option should also be of interest to those looking to supplement their income.

Four out of five Moneyfacts Stars are well deserved.

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 Any products featured may be withdrawn by their provider or changed at any time.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 Any products featured may be withdrawn by their provider or changed at any time.

 
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