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BLME amends bond rates – still market-leading

BLME amends bond rates – still market-leading

Category: Savings
Date: 22/12/2017

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 It is now over 6 months old so the content may be out of date.

Bank of London and the Middle East has been at the top of the charts for quite some time now. And despite reducing some of their rates, that's where they remain, with its 18-month, one-year and five-year bonds still sitting at the top of the Best Buy charts for their respective sectors, earning them all a high rating.

The basics…

The 18-month Premier Deposit Account now boasts an anticipated profit rate of 1.95% (1.94% AER), while the one-year equivalent pays 1.90% and the five-year pays 2.55% – all market-leading rates for their terms. Interest must be paid away.

The finer details…

These accounts require a minimum investment of £25,000. They do not allow additions or early access, so savers should ensure they won't need their funds back for the entire term. The accounts must be opened online, and then operated by post, and require a linked BLME current account to hold funds pending investment. They are Sharia'a compliant, which means the rates represent the expected profit rate.

Why we like them…

The market-leading rates on these bonds are more than enough to earn them their top spots in the Best Buys, 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 Any products featured may be withdrawn by their provider or changed at any time.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 Any products featured may be withdrawn by their provider or changed at any time.

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