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BLME improves all fixed bonds

BLME improves all fixed bonds

Category: Savings
Date: 13/01/2017

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 It is now over 6 months old so the content may be out of date.

The Bank of London and the Middle East (BLME) has increased the anticipated profit rates across its range of fixed bonds, which sees all deals improve their positions in the Best Buy charts, and has made the 18-month, one and five-year bonds market-leaders over their respective terms. As a result, all have earned a high Moneyfacts rating.

The basics…

The 18-month Premier Deposit Account now boasts a market-leading anticipated profit rate of 1.50%, paid on maturity, while the one-year equivalent pays 1.45% on maturity, also a market-leader. The two-year version pays 1.55% yearly, the three-year 1.65% and the five-year a leading 2.10%, making it worthy of first place in the Best Buys for its sector.

The finer details…

These accounts require a minimum investment of £25,000 and have to be opened online, but can then be operated by post as well. Additions, withdrawals and early access are not permitted on these accounts, which require a current account with BLME to be opened. With no access allowed, savers will need to be sure they are happy with the term they choose, but luckily they will have plenty of choice.

Why we like them…

The market-leading rates on the 18-month, one-year and five-year bonds, as well as the competitive rates on the rest, are more than enough to see them improve their positions within their charts, with the 18-month and five-year versions taking pride of place at the number one spots. They have certainly earned their high rating, and are well worth considering for anyone with a decent deposit looking to secure their funds for (almost) any length of term.

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 Any products featured may be withdrawn by their provider or changed at any time.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 Any products featured may be withdrawn by their provider or changed at any time.

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