Tesco Bank has increased rates across its range of fixed rate bonds, with its three and five-year versions sitting comfortably in the Moneyfacts best buys.
Fixed Rate Saver 3 Year pays 2.30% yearly (2.28% monthly) while the five-year version pays 3.00% yearly (2.96% monthly), both on a minimum investment of £2,000.
The accounts can be operated by phone or online but neither allow further additions or earlier access to funds, so savers need to be comfortable with their initial investment and the term selected.
Tesco's review sees its three and five-year fixed rate bonds easily hold their own against the competition, both sitting in the top ten for their respective terms.
Four Moneyfacts Stars have been awarded.
Compare the top 3 year fixed rate bonds using our best buy chart
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