New 3-yr bond tops the charts | Product News - Moneyfacts

Product News

New 3-yr bond tops the charts

New 3-yr bond tops the charts

Category: Savings
Date: 08/09/2015

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 It is now over 6 months old so the content may be out of date.

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.

The basics…

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.

The finer details…

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.

Why we like it…

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

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 Any products featured may be withdrawn by their provider or changed at any time.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 Any products featured may be withdrawn by their provider or changed at any time.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