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Family’s one-year bond goes top

Family’s one-year bond goes top

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

The Family Building Society has launched a new one-year fixed rate bond, which offers a market-leading rate that sees it jump straight into the top spot of the short-term bond chart, also earning it a high rating.

The basics…

The one-year Fixed Rate Bond (7) boasts the top rate of 2.11% AER (2.09% gross), paid monthly.

The finer details…

This account requires a minimum investment of £20,000. It does not allow additions or withdrawals, so savers will want to make sure they won't need their invested funds back before the year is over. This bond, which can be opened online, in branch or by post and then also managed over the phone, comes with the added option of opening it in trust.

Why we like it…

Its market-leading rate is more than enough to see this account take over first place in the Best Buy charts, as well as earning it a high rating, with its monthly interest potentially making it especially appealing for those looking to get a little extra out of their savings every month.

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 Any products featured may be withdrawn by their provider or changed at any time.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 Any products featured may be withdrawn by their provider or changed at any time.

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