Fixed rate bonds get a rate increase | Product News - Moneyfacts

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Fixed rate bonds get a rate increase

Fixed rate bonds get a rate increase

Category: Savings
Date: 05/01/2016

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 It is now over 6 months old so the content may be out of date.

Close Brothers Savings has increased the rates paid on selected fixed rate bonds by up to 0.15%, cementing its two and three-year deals in the Moneyfacts charts.

The basics…

The two-year variant of Fixed Term Deposit now pays a competitive yearly rate of 2.25% while its three-year counterpart pays an equally competitive 2.50% yearly, allowing both to hold coveted places in the charts.

The finer details…

Both accounts can be managed by post and online and require an initial investment of at least £10,000.

As is common in the fixed rate sector, neither additions nor early access to funds are permitted. Savers must therefore be happy to lock their money away for the full duration of their chosen term.

Why we like them…

The rate increases to these bonds have boosted their competitiveness and sealed their chart positions. As a result, savers who are happy to lock their money away are likely to pay a great deal of attention to these eye-catching accounts.

Moneyfacts rating: Excellent

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 Any products featured may be withdrawn by their provider or changed at any time.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 Any products featured may be withdrawn by their provider or changed at any time.

 
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