New 5-yr bond wrestles into the charts | Product News - Moneyfacts

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New 5-yr bond wrestles into the charts

New 5-yr bond wrestles into the charts

Category: Savings
Date: 17/06/2016

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 It is now over 6 months old so the content may be out of date.

Ikano Bank has unleashed a new five-year bond onto the market, which has grabbed a place on the charts thanks to its eye-catching rate and terms.

The basics…

Fixed 5 Year Saver pays an attractive yearly rate of 2.45% (2.42% monthly), enabling it to sit comfortably among the top 10 accounts of its sector.

The finer details…

This internet-operated account can be opened with a minimum investment of £1,000. Additional deposits can be made for up to 14 days after opening, but early access to funds is not possible. Savers must therefore be comfortable with the amount they invest and the term of the bond from the outset.

Why we like it…

Savers on the lookout for a competitive home for their savings will welcome this new addition to the market. Paying an attractive rate, this deal also offers savers the option to earn monthly interest, which will appeal to those who are looking to secure a regular income.

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 Any products featured may be withdrawn by their provider or changed at any time.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 Any products featured may be withdrawn by their provider or changed at any time.

 
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