RCI Bank UK has unleashed a new chart-topping three-year fixed rate bond onto the market, beating its competitors to prime position thanks to its highly competitive rate and terms.
Fixed Term (3 Year) pays a joint market-leading rate of 2.70% yearly (2.67% monthly), securing a position at the top of the Moneyfacts charts as a result.
This account must be opened online and can then be managed in the same way as well as by phone. A minimum investment of £1,000 is required.
Further additions are permitted for 30 days after the account has been opened, but early access to funds is not allowed. Savers must therefore be happy to lock their savings away for the full duration of the term.
Savers looking for a highly competitive account to stash their savings in are likely to be drawn to this new deal, which boasts the current market-leading rate for its sector. The option to choose monthly interest will appeal to those looking to secure a regular income, while the ability to top-up the fund for up to 30 days adds a welcome degree of flexibility. However, the lack of early access does mean that savers must be prepared to lock their savings away.
Moneyfacts rating: Excellent
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