Close Brothers Savings has launched a new three-year bond onto the market, snatching it a coveted place on the Moneyfacts charts due to its attention-grabbing rate and terms.
3 Year Fixed Term Deposit pays a competitive rate of 1.90% yearly, which enables it to take a place among the top 10 accounts of its sector.
This postal-operated account can be opened with an initial investment of at least £10,000.
In common with many other fixed rate accounts, this deal does not allow savers to make additional deposits or withdraw money before the account matures. Savers must therefore ensure that they are happy with both their initial investment and the length of the three-year term.
Savers who are looking to lock their money away will be pleased by this new addition to the savings market. Paying a competitive top-10 rate, this straightforward, no-frills deal may be ideally suited for those with a larger pot to invest.
Moneyfacts rating: Excellent
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