5yr savings bond enters chart | Product News | moneyfacts.co.uk

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5yr savings bond enters chart

5yr savings bond enters chart

Category: Savings
Date: 03/04/2017

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 It is now over 6 months old so the content may be out of date.

Shawbrook Bank has increased the rate on its five-year fixed rate bond by an impressive 0.35%, which sees it move into the Best Buy chart for its sector and earn a high rating.

The basics…

The 5 Year Fixed Rate Bond Issue 25 now boasts a rate of 2.20%, paid on its anniversary, which is a top-10 rate for its term.

The finer details…

This account requires a minimum investment of £5,000. It allows additions while the issue remains open, but no early access prior to the end of the term, so savers will have to ensure they won't need their invested funds. The account must be opened online or by post, and can then be managed online and over the phone.

Why we like it…

The impressively increased rate on this account has made it competitive enough to earn a spot in the Best Buy charts, as well as a high rating.

Moneyfacts rating: Excellent

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 Any products featured may be withdrawn by their provider or changed at any time.

 

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 Any products featured may be withdrawn by their provider or changed at any time.

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