Bank of Cyprus makes the sun shine for savers - Savings - News |

News News brings you the latest financial & economic news & reviews of the best products in the UK by our team of money experts.

Bank of Cyprus makes the sun shine for savers

Bank of Cyprus makes the sun shine for savers

Category: Savings

Updated: 13/05/2011
First Published: 13/05/2011

This article was correct at the time of publication. It is now over 6 months old so the content may be out of date.

Bank of Cyprus has made sure the sun is shining on savers with the launch of two new bonds.

Requiring a minimum investment of £1, Bank of Cyprus UK Bond is a three year fixed term account now paying 4.25%.

Sitting just below the market leaders in its field, the bond does not allow early access to funds or additional investments to be made.

Also having a three year term is its Cash ISA Bond which pays the same rate of 4.25%.

It is the top rate in its field, while additional investments are welcome during the tax year – the minimum investment is again £1.

Money can also be withdrawn early on the closure of the account and subject to 180 days' loss of interest.

Four out of five Moneyfacts stars are a fitting reward.

Find the best savings accounts for you - Compare fixed rate bonds

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 Any products featured may be withdrawn by their provider or changed at any time.