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Axis’ 2 & 3yr bonds enter charts

Axis’ 2 & 3yr bonds enter charts

Category: Savings
Author: Lieke Braadbaart
Date: 18/07/2017

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 It is now over 6 months old so the content may be out of date.

Axis Bank UK has increased the rates on selected fixed bonds by up to 0.30%, which sees its two and three-year deals enter the Best Buy charts for their respective sectors, earning both a high rating in the process.

The basics…

The two-year Fixed Deposit Account now boasts a rate of 1.90%, paid on maturity or anniversary, while the three-year equivalent pays 2.10%. Both accounts are also available as monthly or quarterly versions, paying slightly reduced rates.

The finer details…

The accounts require a minimum investment of £1,000. Neither account allows additions, withdrawals or other early access, so savers will have to make sure they are happy to set their funds aside for the entirety of their chosen term. The accounts require a nominated current account for access, and can be opened in branch or online, after which they become branch and postal-operated.

Why we like them…

The competitive rates on these bonds have earned them their positions in the Best Buy charts and won them 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 Any products featured may be withdrawn by their provider or changed at any time.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 Any products featured may be withdrawn by their provider or changed at any time.

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