Top 10 spots held by 2 & 3-yr bonds | Product News - Moneyfacts

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Top 10 spots held by 2 & 3-yr bonds

Top 10 spots held by 2 & 3-yr bonds

Category: Savings
Date: 20/04/2016

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 It is now over 6 months old so the content may be out of date.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 reduced the rates paid on its two and three-year fixed bonds, but thanks to their ongoing competitiveness, this has not caused them to lose their coveted chart positions.

The basics…

Two Year Fixed Rate now pays 1.90% yearly (1.88% monthly), while the three-year version pays an equally competitive yearly rate of 2.10% (2.08% monthly), enabling both to maintain their respective top 10 positions.

The finer details…

These accounts must be opened and operated online with access being via a nominated account. A minimum investment of £1,000 is required.

Additional deposits can be made for up to five days after an account has been opened, but it is not possible to access funds prior to maturity. Savers must therefore be happy to lock their money away.

Why we like them…

The fact that these two accounts continue to pay top 10 rates means that they are likely to continue to garner interest from savers. The monthly interest option will appeal to those who wish to secure a regular income, while the option to add funds, albeit for a limited time, gives these bonds a welcome degree of flexibility.

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 Any products featured may be withdrawn by their provider or changed at any time.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 Any products featured may be withdrawn by their provider or changed at any time.

 
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