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BLME tops fixed charts

BLME tops fixed charts

Category: Savings
Author: Lieke Braadbaart
Date: 25/06/2018

Bank of London and the Middle East (BLME) has increased the rates on its fixed bonds by up to 0.10%, which sees its 18-month, two-year and three-year deals all move into first place for their respective sector. This easily earns them all a high rating to boot.

The basics…

The 18-month Premier Deposit Account now boasts an anticipated profit rate of 2.10%, while the two-year equivalent pays 2.20% and the three-year pays 2.35% – all market-leading rates for their terms. Interest must be paid away.

The finer details…

These online-exclusive accounts require a minimum investment of £10,000. They do not allow additions or early access, so savers should ensure they won't need their funds for the entire term. The accounts 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 Any products featured may be withdrawn by their provider or changed at any time.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 Any products featured may be withdrawn by their provider or changed at any time.

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