Raphaels Bank has unleashed two new fixed rate bonds onto the market, both of which have secured places on the Moneyfacts charts for their competitive terms.
The 18-month version of Fixed Rate Bond pays a competitive rate of 1.95% on maturity while its 60-month counterpart pays 2.95% yearly, earning both a place among the top 10 of their respective sectors.
The finer details…
Both accounts can be opened and operated in branch and by post with a minimum investment of £5,000.
Like many fixed rate deals, further additions and early access to funds are not permitted, so savers must be completely happy with their investment from the beginning.
Why we like them…
These two new bonds are sure to make savers sit up and take notice thanks to their highly appealing rates. However, while their top-10 places in the Moneyfacts charts reflect their competitive rates, savers must be aware that they will not be able to change or withdraw their deposit prior to maturity.
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 Any products featured may be withdrawn by their provider or changed at any time.
Moneyfacts.co.uk will, like most other websites, place cookies onto your computer’s
hard drive. This includes tracking cookies.