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Axis Bank improves 2 and 3yr savings accounts

Axis Bank improves 2 and 3yr savings accounts

Category: Savings
Date: 01/03/2017

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 It is now over 6 months old so the content may be out of date.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 selected fixed rates by up to 0.13%. This has enabled its two and three-year deals to enter the Best Buy charts for their respective sectors, earning a high rating in the process.

The basics…

The two-year Fixed Deposit Account now boasts a fixed rate of 1.58% on its anniversary, while the three-year equivalent pays 1.68%.

These accounts are also available as monthly or quarterly interest options, paying slightly reduced rates.

The finer details…

These deals require a minimum investment of £1,000. No additions, withdrawals or earlier access are permitted on these accounts, which can only be accessed through a nominated account once the full term is up, which means savers will have to make sure they won't need their funds for the full length of their chosen term. The accounts can be opened online and in branch, after which they become post and branch-operated.

Why we like them…

The competitive rates on these deals have easily earned them their places in the Best Buys, as well as their 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 Any products featured may be withdrawn by their provider or changed at any time.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 Any products featured may be withdrawn by their provider or changed at any time.

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