Four new bonds take charts by storm | Product News - Moneyfacts

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Four new bonds take charts by storm

Four new bonds take charts by storm

Category: Savings
Date: 29/09/2014

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 It is now over 6 months old so the content may be out of date.

Secure Trust Bank has just unveiled four new fixed term bonds, all of which have won a place on the Moneyfacts charts, with the seven-year deal scoring a market-leading position.

The basics…

Fixed Rate Bond 7 Year Term (Series 11) has a yearly rate of 3.52% until 30.9.21, which secures it the top position in the long-term sector. Meanwhile, the two-year and four-year versions have competitive rates of 2.36% and 3.01% respectively, while the five-year account has a rival-beating yearly rate of 3.22% until 30.9.19.

The finer details…

All accounts can be opened online and managed by phone or post with a minimum deposit of £1,000.

Like many fixed rate accounts, no early access is allowed, although further additions can be made while the respective issues remain open. This grants savers some welcome flexibility.

All bonds are also available as business accounts for firms looking to make returns on their business savings.

Why we like them…

These accounts have truly taken the charts by storm, with each securing a top 10 position in its sector. The most competitive is the seven-year deal, which has a market-leading rate that is sure to have investors knocking on the door. However, investors must be comfortable with the length of the term as no early access is permitted, although it is possible to make further additions for a limited period.

Four Moneyfacts Stars have been awarded.

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 Any products featured may be withdrawn by their provider or changed at any time.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 Any products featured may be withdrawn by their provider or changed at any time.

 
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