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Ford Money increases rates on its Excellent bonds

Ford Money increases rates on its Excellent bonds

Category: Savings
Date: 14/07/2017

Ford Money has increased rates across its range of bonds and ISAs by up to 0.13%, resulting in three of them comfortably making it into the Moneyfacts Best Buys and earning Excellent ratings in the process.

The basics…

The Fixed Cash ISA 1 Year now pays a rate of 1.15% yearly (1.14% monthly) while its two-year equivalent pays 1.28% yearly (1.27% monthly). Meanwhile, Fixed Saver 2 Year pays 1.85% yearly (1.83% monthly), with all accounts boasting top-10 rates for their respective sectors.

The finer details…

All accounts require minimum investments of £500 and allow further additions for 14 days from account opening, and while the cash ISAs permit withdrawals (subject to a 90-day interest penalty for the one-year version and a 180-day penalty for the two-year), the bond does not. All can be opened online or by phone before becoming purely internet-operated.

Why we like them…

These bonds have all managed to comfortably take their places in the charts, with the rate increases serving to boost their competitiveness in the short-term market. The level of flexibility will only add to their appeal, ensuring they truly earn the their high Moneyfacts ratings.

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 Any products featured may be withdrawn by their provider or changed at any time.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 Any products featured may be withdrawn by their provider or changed at any time.

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