New 5-yr bond snatches a chart place | Product News - Moneyfacts

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New 5-yr bond snatches a chart place

New 5-yr bond snatches a chart place

Category: Savings
Date: 03/02/2016

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 It is now over 6 months old so the content may be out of date.

Paragon Bank has introduced a new five-year fixed bond to the market, instantly securing it a coveted place on the Moneyfacts charts thanks to its competitive rate and terms.

The basics…

Five Year Fixed Rate pays a competitive 3.00% yearly (2.96% monthly), enabling it to take a stand among the top 10 accounts of its sector.

The finer details…

This internet-operated account requires an initial investment of at least £1,000, although it does permit further additions for up to five days after opening. Early access, however, is not allowed, so savers must ensure that they are comfortable investing their money for the full five-year term.

Why we like it…

This new face in the savings market is likely to garner interest thanks to its competitive rate and appealing monthly interest option. The fact that it also allows additional deposits, albeit for a limited amount of time, further adds to its attraction.

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 Any products featured may be withdrawn by their provider or changed at any time.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 Any products featured may be withdrawn by their provider or changed at any time.

 
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