Fixed rate bonds retain their hold on the charts | Product News - Moneyfacts

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Fixed rate bonds retain their hold on the charts

Fixed rate bonds retain their hold on the charts

Category: Savings
Date: 29/01/2016

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 It is now over 6 months old so the content may be out of date.

Axis Bank UK has made some amendments to its range of savings products, but despite its two and three-year bonds receiving slight rate cuts, both retain their coveted positions in the Moneyfacts charts thanks to their continued competitiveness.

The basics…

The two-year version of Fixed Deposit Account now pays 2.15% yearly/on maturity, while its three-year counterpart pays 2.45%, both of which are top 10 rates in their respective sectors. Both accounts also offer quarterly and monthly interest options at slightly reduced rates, offering a wealth of flexibility.

The finer details…

These accounts can be opened online or in branch before becoming branch and postal-operated. They require minimum investments of £1,000, and as is common in the fixed sector, neither allow further additions or earlier access, so savers will need to be comfortable with both their investment and chosen term.

Why we like it…

Axis Bank UK's latest review may have slightly reduced the returns on offer from these accounts, but they still maintain solid positions in the charts. Not only do they offer top 10 rates, but the option of earning interest on maturity, yearly, quarterly or monthly offers plenty of flexibility, ensuring there'll be a deal to suit savers of all kinds.

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 Any products featured may be withdrawn by their provider or changed at any time.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 Any products featured may be withdrawn by their provider or changed at any time.

 
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