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BLME’s improved bonds go top

BLME’s improved bonds go top

Category: Savings
Date: 09/02/2017

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 It is now over 6 months old so the content may be out of date.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 rates on its three and five-year savings accounts by up to 0.15%, which sees the three-year offer enter the top three and the five-year deal become number one. Both have therefore earned a high rating.

The basics…

The three-year Premier Deposit Account now pays a joint market-leading expected profit rate of 1.75%, paid on its anniversary, while the five-year equivalent now boasts a rate of 2.25%, which is the top rate for its term by a comfortable margin.

The finer details…

Both accounts require a minimum investment of £25,000. No additions or withdrawals are allowed on either, with both requiring applicants to hold or open a BLME current account in which to hold funds pending investment. The accounts have to be opened online, after which they can be managed by post as well.

Why we like them…

The top rates on these accounts have earned them their high rating, as well as seeing the three-year option reach the top three and the five-year bond head straight to the top of the charts.

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 Any products featured may be withdrawn by their provider or changed at any time.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 Any products featured may be withdrawn by their provider or changed at any time.

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