GE Capital Direct has re-entered the fixed rate market with the launch of two new bonds, both of which have stormed into the Moneyfacts charts for their terms.
GE 1 Year Bond pays a top five rate of 1.85% yearly while the two-year version pays 2.15%, easily making the top ten. Both can be opened with a minimum investment of £1,000 and have monthly options paying slightly reduced rates.
The finer details…
Both accounts must be opened and operated online. As is common in the fixed market, earlier access and further additions are not allowed in either case, so savers will need to be comfortable locking their initial investment away for the full term.
Why we like them…
GE Capital's review sees its new launches head straight into the best buy tables, with both bonds offering highly competitive rates for their terms.
Four Moneyfacts Stars have been awarded.
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