Close Brothers’ long-term bond enters top 3 | Product News | moneyfacts.co.uk

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Close Brothers’ long-term bond enters top 3

Close Brothers’ long-term bond enters top 3

Category: Savings
Author: Lieke Braadbaart
Date: 08/10/2018

Close Brothers Savings has increased the rate on its five-year bond by 0.05%, which sees it enter the top three in the long-term bond chart and earn a high Moneyfacts rating.

The basics…

The 5 Year Fixed Term Deposit now boasts a rate of 2.70%, paid on its anniversary, which must be paid away.

The finer details…

This account requires a minimum investment of £10,000. Neither additions nor early access are permitted on this fixed rate bond, so savers should ensure they won't need their funds for the entire term. The bond can only be opened by post, but it can then be operated over the phone as well.

Why we like it…

Offering a high return, this revised account has proven itself worthy of a top-three spot in the Best Buy chart for its term as well as a high rating. It could be particularly appealing to savers with a big pot who are happy to manage their savings via the post.

Moneyfacts rating: Excellent

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 Any products featured may be withdrawn by their provider or changed at any time.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 Any products featured may be withdrawn by their provider or changed at any time.

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