New 3-yr bond lays claim to a chart place | Product News - Moneyfacts

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New 3-yr bond lays claim to a chart place

New 3-yr bond lays claim to a chart place

Category: Savings
Date: 16/06/2016

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 It is now over 6 months old so the content may be out of date.

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 basics…

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.

The finer details…

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.

Why we like it…

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

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 Any products featured may be withdrawn by their provider or changed at any time.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 Any products featured may be withdrawn by their provider or changed at any time.

 
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