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RBS gives fixed rate savers a lift

RBS gives fixed rate savers a lift

Category: Savings

Updated: 09/11/2011
First Published: 09/11/2011

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 It is now over 6 months old so the content may be out of date.

Royal Bank of Scotland has given savers a lift by upping the rates paid on its short term fixed rate bonds.

The one year bond now pays 3.40%, while the two year version pays 3.80%, leaving both accounts competitive in their respective fields.

Also sure to appeal is the ability to close the account early if the money is needed, although it must be remembered that an interest penalty will be applied as a result.

Four out of five Moneyfacts stars are well deserved.

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