Secure Trust Bank has relaunched its popular five and seven-year fixed rate bonds, which have established themselves towards the top of the Moneyfacts charts thanks to their highly competitive rates and terms.
Fixed Rate Bond 5 Year Term (Series 25) pays a highly competitive rate of 3.05% yearly until 30.11.20, while its seven-year counterpart (Series 24) pays a market-leading 3.13% yearly until 30.11.22, earning it the top place in its sector.
Both accounts must be opened online and then managed by post or phone. An initial investment of at least £1,000 is required.
Additional deposits are welcomed while the issues remain open, but early access to funds is not permitted. Savers must therefore be happy to lock their money away for the full length of their chosen term.
For non-personal savings, business versions of both of these accounts paying the same rates are available.
Savers who are looking to lock their money away for the long term to earn attractive rates of interest will probably pay a great deal of attention to these two accounts, which sit towards the top of the long-term sector. The fact that both allow further additions, albeit for a limited period of time, also adds to their appeal.
Moneyfacts rating: Excellent
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