FirstSave bonds are among market-leaders | Product News - Moneyfacts

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FirstSave bonds are among market-leaders

FirstSave bonds are among market-leaders

Category: Savings
Date: 10/11/2014

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 It is now over 6 months old so the content may be out of date.

FirstSave has added to its savings offerings with a new 18-month bond that sits just behind the market-leader for its sector. Meanwhile, its seven-year deal has received a slight rate reduction while still retaining its place at the top of the Moneyfacts charts.

The basics…

FirstSave 18 Month Fixed Rate Bond 1st Issue pays a competitive 1.90% yearly (1.88% monthly), enabling it to comfortably sit among the top 10. Meanwhile, its seven-year equivalent (2nd issue) now pays a market-leading rate of 3.25% yearly (3.20% monthly).

The finer details…

Both of these accounts can be opened and operated online with a minimum investment of £1,000. A higher initial investment of £5,000 is required if savers wish to receive interest monthly.

Neither account allows further additions or early access to funds, so investors must think carefully about the amount they wish to save and the length of their chosen term.

Why we like them…

Both of these accounts offer savers the opportunity to make a good return on their investment, sitting happily within the top 10 of their respective sectors. While it is not possible to make further additions or access funds prior to maturity, the enticing rates of these bonds are likely to attract eager investors.

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 Any products featured may be withdrawn by their provider or changed at any time.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 Any products featured may be withdrawn by their provider or changed at any time.

 
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