Raphaels Bank has unleashed a new 36-month fixed bond onto the market, instantly claiming it a chart spot thanks to its highly attractive rate and terms.
The 36-month variant of Fixed Rate Bond pays an appealing rate of 2.25% yearly, enabling it to position itself among the top accounts of its sector.
Savers can open and operated this account in branch and by post with an initial investment of at least £5,000.
As is common in the fixed sector, neither additions nor early access to funds are allowed, so savers must ensure that they are happy with their investment from the outset.
This newcomer has made waves thanks to its eye-catching rate. As a result, savers who are looking for a longer-term home for their savings are likely to be intrigued by the returns offered, provided they are happy to lock their money away for the full term.
Moneyfacts rating: Excellent
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