New 18-month bond hits the charts | Product News - Moneyfacts

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New 18-month bond hits the charts

New 18-month bond hits the charts

Category: Savings
Date: 22/01/2015

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 It is now over 6 months old so the content may be out of date.

GE Capital Direct has unleashed a competitive new 18-month fixed rate bond onto the market, earning it a coveted spot in the Moneyfacts charts.

The basics…

GE 18 Month Bond Issue 4 has a yearly rate of 1.92% (1.90% monthly), which puts it firmly among the top 10 of its sector.

The finer details…

This account must be opened and operated online with a minimum investment of £1,000. As with many fixed rate accounts, this bond does not allow further additions or early access to funds, so savers must be happy with their investment from the beginning.

Why we like it…

This latest offering is set to catch the attention of eager savers with its attractive rate and flexible monthly option. However, savers must think carefully about how much they wish to invest as there is no opportunity to deposit further funds or to access money prior to maturity.

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 Any products featured may be withdrawn by their provider or changed at any time.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 Any products featured may be withdrawn by their provider or changed at any time.

 
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