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Ikano Bank improves 1 & 5yr bonds

Ikano Bank improves 1 & 5yr bonds

Category: Savings
Date: 31/03/2017

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 It is now over 6 months old so the content may be out of date.

Ikano Bank has increased the rates on selected fixed bonds by up to 0.15%, which sees its one-year deal strengthen its position in the Best Buys, and the five-year equivalent shoot up to the number one spot, both earning a high rating in the process.

The basics…

The Fixed 1 Year Saver now boasts a rate of 1.50%, paid on its anniversary, while the five-year equivalent pays a market-leading (and inflation-beating) 2.35%. Versions of the accounts which pay a slightly reduced rate of interest on a monthly basis are also available.

The finer details…

These online-only accounts require a minimum investment of £1,000. They allow additions for 14 days from account opening, but no early access, so savers will need to make sure they are happy with their chosen term.

Why we like them…

The increased rates on these bonds have made them even more attractive, easily strengthening their positions in the charts, with the five-year deal going all the way to the top. This comfortably earns both a high rating and coveted Best Buy status.

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 Any products featured may be withdrawn by their provider or changed at any time.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 Any products featured may be withdrawn by their provider or changed at any time.

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