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New bank Wyelands’ excellent bonds

New bank Wyelands’ excellent bonds

Category: Savings
Date: 31/08/2017

Wyelands Bank has launched into the savings market with a competitive selection of accounts. Its new one and two-year fixed bonds are particular standouts, entering the Best Buy charts for their respective sectors and earning a high Moneyfacts rating as a result.

The basics…

The 12 Month Fixed Account boasts a rate of 1.83%, paid on maturity, while the 24-month equivalent pays 2.00% on its anniversary. Both accounts require interest to be compounded and are also available as monthly versions, paying slightly reduced rates.

The finer details…

The accounts require a minimum investment of £5,000. They allow additions for 14 days from account opening, but no withdrawals or early access, so savers should make sure they are happy to set their funds aside for the entirety of their chosen term. The accounts can be opened and operated online and over the phone.

Why we like them…

The competitive rates on these bonds are enough to earn them their place in the Best Buys 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 Any products featured may be withdrawn by their provider or changed at any time.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 Any products featured may be withdrawn by their provider or changed at any time.

 
 
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