Investec Bank has increased the rates on its short to medium-term fixed rate bonds, reaffirming its position in the Moneyfacts best buys.
The basics… While One Year Fixed Term Deposit has seen its rate increase to 1.95% yearly (1.93% monthly) and its Two Year counterpart rise to 2.30% yearly (2.28% monthly), it is the Three Year account now paying 2.65% yearly (2.62% monthly) which has enjoyed the largest increase (+0.35%).
The finer details… Each of the bonds require a minimum deposit of £25,000, but will not accept additional deposits or allow early withdrawals.
They can be opened by post or online and operated via the same channels as well as over the phone.
Why we like it…
With the one and two-year bonds improving their existing positions in the best buys and the three-year bond a new entry, these bonds are highly competitive if you have the relatively large deposit and do not want to access the funds early.
Four Moneyfacts Stars have been awarded.
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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 Any products featured may be withdrawn by their provider or changed at any time.
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