Skipton Building Society has increased the rate on its 5 Year E-Bond by 0.45%, pushing into pole position in the five-year savings bond market.
Now paying a market-leading rate of 3.00%, this bond also has a monthly interest rate of 2.96%.
Investments range between £500 and £1 million and further additions can be made whilst the issue is open.
Early access to funds is not permitted.
The account can be operated online only by investors aged 16 and over.
This new-look bond from Skipton Building Society should prove popular with investors who are looking to invest over a long period and those seeking a highly competitive monthly return. Four out of five Moneyfacts Stars have been awarded.
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