New 1-yr bond makes it into the charts | Product News - Moneyfacts

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New 1-yr bond makes it into the charts

New 1-yr bond makes it into the charts

Category: Savings
Date: 09/07/2015

MONEYFACTS ARCHIVE
This article was correct at the time of publication. It is now over 6 months old so the content may be out of date.

BM Savings has introduced a new one-year bond onto the market, earning it a coveted place on the Moneyfacts charts for its eye-catching rate and terms.

The basics…

1 Year Fixed Rate Bond pays a competitive yearly rate of 1.90% (1.88% monthly), enabling it to nudge into the top 10 accounts of its sector.

The finer details…

This deal can be opened by phone and online and then managed by post. A minimum investment of just £1 is needed.

Like many fixed rate deals, further additions and early access to funds won't be permitted. Savers must therefore ensure that they are happy with the amount they invest and the length of the term from the beginning.

Why we like it…

This account possesses a competitive rate that is sure to attract the interest of savers. The option of monthly interest enhances its appeal even further, while the small initial investment required ensures that it will fit every budget. However, the lack of early access does mean that funds have to be locked away, so savers must be confident they will not need to draw upon invested money before the bond matures.

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 Any products featured may be withdrawn by their provider or changed at any time.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 Any products featured may be withdrawn by their provider or changed at any time.

 
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