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Bank of Cyprus’ market-leading easy access rate

Bank of Cyprus’ market-leading easy access rate

Category: Savings
Date: 22/08/2018

Bank of Cyprus has increased the rate on its easy access account by 0.07%, which sees it become the market leader, taking over the number one spot in the Best Buy chart for its sector and earning a high rating as a result.

The basics…

The Online Easy Access Account – Issue 16 now boasts the top variable rate of 1.41%, which includes a 0.56% bonus for the first 12 months. Interest is paid on its anniversary and must be compounded.

The finer details…

This online-only account requires a minimum investment of just £1. Unlimited additions and withdrawals are allowed via a nominated account. While the inclusion of a bonus means that the rate won't fall below 0.56%, it also suggests that a review of the account would be wise after 12 months when that safety net falls away.

Why we like it…

Offering the highest rate in the easy access market easily earns this deal its top spot in the Moneyfacts.co.uk Best Buys, as well as its 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 Any products featured may be withdrawn by their provider or changed at any time.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 Any products featured may be withdrawn by their provider or changed at any time.

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