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Clydesdale Bank increases rates

Clydesdale Bank increases rates

Category: Savings

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 It is now over 6 months old so the content may be out of date.

Clydesdale Bank has given its savers a boost with news that it is to increase rates on selected fixed term accounts and its Children's Bond.

The Children's Bond will have its rate increased by between 0.50% and 0.75%, meaning it will remain in the top quartile of Children's products.

The further changes to its fixed term Deposits are as follows: 12 month – 2.85% (+0.60%); 3 year – 4.50% (+0.50%); 5 year – 5.00% (+0.75%). Monthly and on maturity options are also to increase.

The five year option is now the market leader in the long term fixed rate bond field, while the three year product now sits in the top six in its category.

Early access and closure are permitted (subject to penalty), which should add to their appeal.

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 Any products featured may be withdrawn by their provider or changed at any time.