New 3-yr bond enters the top 10 | Product News - Moneyfacts

Product News

New 3-yr bond enters the top 10

New 3-yr bond enters the top 10

Category: Savings
Date: 09/02/2015

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 It is now over 6 months old so the content may be out of date.

Paragon Bank has introduced a new three-year bond, which has won a place in the Moneyfacts charts for its competitive rate and terms.

The basics…

Three Year Fixed Rate pays 2.40% yearly (2.37% monthly), earning it a place among the top 10 accounts of its sector.

The finer details…

This account must be opened and operated online with an initial investment of at least £1,000. All transactions must be made via a nominated account.

Unusually, further additions are permitted for five days after the account has been opened, offering savers some welcome room for manoeuvre. However, access to funds prior to maturity is not allowed.

Why we like it…

This new bond is sure to grab the attention of savers with its attractive rate. The appeal is further increased by the options to make further additions and select a monthly rate of interest, something that will appeal to those who are looking to secure a regular income.

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 Any products featured may be withdrawn by their provider or changed at any time.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 Any products featured may be withdrawn by their provider or changed at any time.

 
Close