Fixed rate bonds jump into the charts | Product News - Moneyfacts

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Fixed rate bonds jump into the charts

Fixed rate bonds jump into the charts

Category: Savings
Date: 01/12/2015

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 It is now over 6 months old so the content may be out of date.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 unleashed a range of new fixed rate bonds onto the market, grabbing all three coveted places on the Moneyfacts charts thanks to their eye-catching rates and terms.

The basics…

2 Year Fixed Rate Bond 20th Issue pays a competitive rate of 2.40% yearly (2.37% monthly), while its three-year counterpart (7th Issue) pays 2.73% yearly (2.70% monthly) and the five-year version (10th Issue) pays 3.06% yearly (3.02% monthly), earning all three a place among the top 10 accounts of their respective sectors.

The finer details…

These internet-operated bonds require an initial investment of at least £1,000, although a higher investment of at least £5,000 is needed for the monthly interest variants.

As with many other fixed rate bonds, neither additions nor early access to funds are permitted. Savers must therefore be comfortable with their initial investment and the length of their chosen bond from the beginning.

Why we like them…

All of these bonds have stormed straight into the charts – and with good reason. They all boast competitive rates, along with monthly interest options, which will appeal to those who are looking to secure a regular income. As a result, they all sit comfortably in their respective sectors, which is likely to draw savers' attention.

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 Any products featured may be withdrawn by their provider or changed at any time.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 Any products featured may be withdrawn by their provider or changed at any time.

 
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