Wesleyan Bank launches long-term bond - Savings - News | moneyfacts.co.uk


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Wesleyan Bank launches long-term bond

Wesleyan Bank launches long-term bond

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 It is now over 6 months old so the content may be out of date.

Wesleyan Bank has launched a highly competitive five-year bond for savers with investments of £1,000 and over.

The basics…

The Fixed Rate Deposit bond pays an annual rate of 3.00% for deposits between £1,000 and £250,000.

The finer details….

Further additions are not permitted whilst the issue is open, although early access to funds is allowed subject to a 180 days' loss of interest penalty.

This account can be operated online only by savers aged 18 and over.

Why we like it….

This attractive bond should appeal to savers with large deposits looking to invest over the long term. Four out of five Moneyfacts stars have been awarded.

What next?

Compare the best savings rates
4 & 5 year 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 Any products featured may be withdrawn by their provider or changed at any time.