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Go forward with Progressive BS

Go forward with Progressive BS

Category: Savings

Updated: 22/04/2009
First Published: 22/04/2009

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 It is now over 6 months old so the content may be out of date.

Progressive BS has announced an extended range of new bonds that are likely to attract savers.

One, two, three and five year bonds are all in the offing, all of which require a minimum investment of £500 (or £5,000 if consumers wish to take up a monthly option).

The one year option pays a rate of 3.00% yearly (2.85% monthly); a yearly rate of 4.05% is paid on the two year option (3.90% monthly); the three year option pays a rate of 4.15% (4.00% monthly); and a yearly rate of 4.25% (4.10% monthly) is paid on a five year bond.

Early access is subject to 180 days' loss of interest and no additions are permitted to any of the products.

The three and five year accounts sit just outside the market leading rates, while the one and two year offers both sit within the top quartile of their respective fields.

The new Progressive BS bonds have been awarded four out of five Moneyfacts stars.

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 Any products featured may be withdrawn by their provider or changed at any time.