Ikano Bank has amended rates across its range of fixed savings bonds. Nonetheless, the two, three and five-year bonds remain competitive and thereby manage to keep their top-10 positions in their respective Best Buy charts.
The Fixed 2 Year Saver now boasts a rate of 1.50%, the Fixed 3 Year Saver a rate of 1.65%, and the Fixed 5 Year Saver stands at 1.95%. Monthly versions are also available, paying 1.49%, 1.64% and 1.93% respectively.
The bonds require a minimum investment of £1,000. Withdrawals are not allowed, but further additions within 14 days of account opening are. The accounts have to be opened and operated online.
These internet-operated bonds remain attractive to savers looking to put away their savings for two or more years, thanks to their still-competitive rates and flexibility compared to competitors. They therefore rightly deserve their Moneyfacts rating and places in the charts.
Moneyfacts rating: Excellent
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