ICICI Bank UK has increased rates on its two and three-year HiSAVE bonds by up to 0.25%.
HiSAVE Fixed Rate 2 Year now pays 2.40% yearly (2.37% monthly), while the three-year option pays 2.70% yearly (2.67% monthly).
As with most fixed bonds, no earlier access or further additions are permitted.
Investors should note that a HiSAVE Savings account will be required – one will automatically be opened.
The accounts can be opened with a minimum investment of £1,000 by phone or online and will then need to be operated solely online.
This review sees the three-year option move to the top of the Moneyfacts best buys with a market-leading rate, while the two-year option is also very competitive and moves up the charts.
Four Moneyfacts Stars have been awarded.
Compare the best 2 - 3 year fixed rate bonds
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