Three-year bond maintains chart position | Product News - Moneyfacts

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Three-year bond maintains chart position

Three-year bond maintains chart position

Category: Savings
Date: 06/08/2015

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 It is now over 6 months old so the content may be out of date.

Paragon Bank has made a slight reduction to the rate of its three-year bond, but despite this, it's managed to hold onto its position in the Moneyfacts charts thanks to its competitive rate and terms.

The basics…

Three Year Fixed Rate now pays 2.50% yearly (2.47% monthly) from a minimum investment of £1,000, allowing it to comfortably retain its place among the top 10 accounts of its sector.

The finer details…

This internet-operated bond offers a measure of flexibility by allowing further additions for five days from initial funding, but as is common in the sector, no withdrawals or early access is allowed, so savers will need to be comfortable with the term from the outset.

Why we like it…

Despite the slight rate cut, this account manages to hold its own in an increasingly competitive sector, offering a top 10 rate that could be an appealing choice for savers willing to lock their money away for the full term.

Moneyfacts rating: Excellent

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 Any products featured may be withdrawn by their provider or changed at any time.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 Any products featured may be withdrawn by their provider or changed at any time.

 
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