Nottingham Building Society has launched a new fixed rate bond onto the market, earning a coveted place on the Moneyfacts charts thanks to its eye-catching rate and terms.
The 40-month Fixed Rate Savings Issue 148 pays a fixed rate of 2.30% yearly until 30.9.18, allowing it to move into a comfortable place on the charts.
This branch-based account requires a minimum investment of £500. Further additions can be made while the issue remains open, but early access to funds is not permitted. Savers must therefore be happy to lock their money away for the full length of the term.
This newcomer onto the market possesses an attractive rate, which is sure to pique the interest of eager borrowers. The fact that extra deposits are allowed while the issue remains open offers a degree of flexibility, but savers must bear in mind that all the money they invest will be inaccessible until the bond reaches maturity.
Moneyfacts rating: Excellent
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