Zenith Bank UK has increased the rates on selected fixed term bonds by up to 0.12%, which sees its two and three-year deals enter the Best Buy charts for their sectors, earning a high rating in the process.
The 2 Year Fixed Term Deposit now boasts a rate of 1.60%, paid on its anniversary, while the three year equivalent pays 1.80%.
These accounts require a minimum investment of £1,000. They do not allow any access prior to the end of their respective terms, so savers will have to ensure they are happy with their initial investment and won't need those funds prior to maturity. The accounts have to be opened online, after which they can be managed by post and over the phone.
The increased rates on these bonds have made them competitive enough to earn a place in their respective Best Buy charts, as well as a high rating.
Moneyfacts rating: Excellent
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