New fixed rate bonds storm the charts | Product News - Moneyfacts

Product News

New fixed rate bonds storm the charts

New fixed rate bonds storm the charts

Category: Savings
Date: 14/01/2015

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 It is now over 6 months old so the content may be out of date.

Close Brothers Savings has released three new fixed rate savings bonds onto the market, all of which have entered the Moneyfacts charts thanks to their competitive terms.


The basics…

The two-year version of Select Gold Fixed Term Deposit has a competitive yearly rate of 2.15%, earning it a place among the top 10 of its sector. The three and five-year variants also have highly competitive rates, paying 2.40% and 3.00% respectively, allowing them to sit comfortably in the charts.


The final details…

These accounts must be opened and operated by post with an initial deposit of at least £10,000.

Like many fixed rate deals, these accounts do not allow further additions or early access to funds. Savers must therefore be happy with the size of their investment and the length of their chosen term from the beginning.


Why we like them…

All of these bonds offer competitive rates that allow them to sit among the top 10 deals of their respective sectors, something that is sure to attract the interest of savers. However, none of the bonds offer any flexibility in terms of early access or further additions, which means savers must think carefully about how much they are willing to lock away and for how long.

Four Moneyfacts Stars have been awarded.

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 Any products featured may be withdrawn by their provider or changed at any time.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 Any products featured may be withdrawn by their provider or changed at any time.

 
Close