Shawbrook boosts five-year savings rate | Product News - Moneyfacts

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Shawbrook boosts five-year savings rate

Shawbrook boosts five-year savings rate

Category: Savings
Date: 23/08/2013

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 It is now over 6 months old so the content may be out of date.

Shawbrook Bank has upped the rate on its five-year fixed rate bond for those savers with at least £5,000 to invest.

The basics…

Issue 5 of Shawbrook's 5 Year Fixed Rate Bond now pays the market-leading rate of 3.00% yearly on a minimum investment of £5,000.

Savers can invest up to a maximum of £2,000,000.

The finer details…

As is the case with most fixed rate bonds, early access to funds or further additions once the issue has closed will not be allowed.

This means savers must be able to commit funds for the full five-year term.

The account must be managed by post and telephone, but savers can open it over the internet.

Why we like it…

Shawbrook Bank has become the fourth provider this week to increase savings rates!

Its five-year fixed rate bond now pays the top rate when compared to similar accounts.

Four Moneyfacts Stars have been awarded

What Next?

Compare the 4 or 5 year fixed rate bond

Compare best savings rates

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 Any products featured may be withdrawn by their provider or changed at any time.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 Any products featured may be withdrawn by their provider or changed at any time.

 
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