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BLME improves fixed bonds

BLME improves fixed bonds

Category: Savings
Date: 15/11/2016

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 It is now over 6 months old so the content may be out of date.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 rates on selected fixed rate accounts. As a result, its two and five-year deals improve their positions in their respective Best Buy charts, earning a high Moneyfacts rating in the process.

The basics…

The two-year Premier Deposit Account now boasts an expected yearly profit rate of 1.53%, while the five-year equivalent pays 2.00%, which sees both sit just behind the market leaders in their respective sectors.

The finer details…

The accounts must be opened online, after which they can be operated by post as well. They require a minimum investment of £25,000. Withdrawals, additions and early access are not allowed, and savers should note that they'll need a BLME current account for transactional purposes.

This bank operates under Islamic finance principles, which means that the rates displayed represent the expected returns.

Why we like them…

Their increased rates have made these bonds attractive options for anyone with the necessary investment. They therefore continue to deserve their Best Buy status and 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 Any products featured may be withdrawn by their provider or changed at any time.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 Any products featured may be withdrawn by their provider or changed at any time.

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