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