FirstSave has launched a new two-year fixed rate bond paying a competitive rate of interest which enters the Moneyfacts best buys.
FirstSave 2 Year Fixed Rate Bond 18th Issue pays 2.30% yearly, while there is also the option to have interest paid monthly at the slightly reduced rate of 2.28%.
The finer details…
The account must be opened and operated online with a minimum investment of £1,000 (£5,000 for the monthly option).
No earlier access to funds or further additions are permitted so investors must be comfortable with their initial investment.
Why we like it…
Paying a competitive rate of interest, and with the option to have interest paid monthly to supplement income, this is a competitive account for those that are happy to lock their money away.
Four Moneyfacts Stars have been awarded.
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