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New online bond from Melton Mowbray impresses

New online bond from Melton Mowbray impresses

Category: Savings

Updated: 06/01/2010
First Published: 06/01/2010

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 It is now over 6 months old so the content may be out of date.

Melton Mowbray BS has re-entered the short term internet fixed rate market with a new online bond.

The account matures on 2.2.11, paying a yearly rate of 3.50% on a minimum investment of £1K. Early access is on 90 days' loss of interest. Withdrawals (maximum £10K per day) are made via nominated account.

There is a maximum investment cap of £250K, no additions can be made and money must be new to the institution.

At 3.50%, the bond is a major player in the one year bracket and should prove popular to those who prefer to bank online.

The account has been awarded four out of five Moneyfacts stars.

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 Any products featured may be withdrawn by their provider or changed at any time.