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New 7yr fixed bond goes top

New 7yr fixed bond goes top

Category: Savings
Date: 12/05/2017

The Bank of London and the Middle East (BLME) has launched a new seven-year fixed rate bond, which pays a market-leading rate and therefore shoots straight to the top of the Best Buy chart for its sector, earning a high rating in the process.

The basics…

The seven-year Premier Deposit Account boasts a market-leading anticipated profit rate of 2.50%, paid on its anniversary. Interest must be paid away.

The finer details…

This postal-operated account requires a minimum investment of £25,000. It does not allow any early access prior to the end of the term, so savers will have to ensure they won't need their funds for the whole seven years. Interested savers must have or open a BLME current account to hold funds pending investment, and should note that the account is Sharia'a compliant, which means the rate represents the expected profit rate.

Why we like it…

The top rate on this account has easily earned it the number one position in the Best Buy charts, as well as a high rating.

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 Any products featured may be withdrawn by their provider or changed at any time.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 Any products featured may be withdrawn by their provider or changed at any time.

 
 
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