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Masthaven increases several bond rates

Masthaven increases several bond rates

Category: Savings
Date: 09/06/2017

Masthaven Bank has increased rates on selected fixed bonds by up to 0.21%, which sees its 18-month, two-year, 30-month and three-year deals sit comfortably in the Best Buy charts for their sectors, earning all a high rating in the process.

The basics…

The 18-month Flexible Term Saver now boasts a fixed rate of 1.61%, paid on its anniversary, while the 30-month equivalent pays 1.81%, both market-leading rates over their terms. The two-year Fixed Term Bond, meanwhile, boasts a rate of 1.76%, paid on its anniversary, while the three-year equivalent pays 1.86%. Monthly versions of all accounts paying slightly reduced rates are also available.

The finer details…

The accounts require a minimum investment of £500. Additions are allowed for seven days from account opening, but withdrawals or other early access are not permitted, so savers will have to make sure they are happy to set their funds aside for the entirety of their chosen term. The accounts can only be opened online, but then managed over the phone as well.

Why we like them…

The increased rates on these bonds have made them even more competitive, earning them their positions in the Best Buy charts as well as a high rating.

Moneyfacts rating: Excellent

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 Any products featured may be withdrawn by their provider or changed at any time.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 Any products featured may be withdrawn by their provider or changed at any time.

 
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