Ikano Bank has reduced the rates paid on its fixed bonds by 0.05%. However, its one, two and three-year offerings remain competitive and have therefore kept their coveted places on the charts.
Fixed 1 Year Saver now pays an attractive yearly rate of 1.75% yearly (1.74% monthly), while its two-year counterpart pays 2.00% yearly (1.98% monthly) and the three-year version pays 2.15% yearly (2.13% monthly), enabling all three to remain among the top 10 accounts of their respective sectors.
These accounts must be opened and operated online with a minimum deposit of £1,000. Savers are welcome to make additional deposits for up to 14 days after an account has been opened, but they should be aware that access prior to maturity is not allowed. Savers must therefore be happy to lock their money away.
These accounts are still holding their own in the charts in spite of the recent rate cut, which demonstrates their continued competitiveness. Savers who are comfortable with locking their money away are therefore likely to continue to show interest in these 'excellent' accounts.
Moneyfacts rating: Excellent
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