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Ikano Bank increases fixed bond rates

Ikano Bank increases fixed bond rates

Category: Savings
Date: 16/02/2018

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 It is now over 6 months old so the content may be out of date.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 selected fixed rates by up to 0.10%. As a result, its two-year bond has entered the Best Buys, its three-year deal now sits in second place in the chart for its sector, and the five-year bond now offers the market-leading rate for its term. All have also earned a high Moneyfacts rating.

The basics…

The Fixed 2 Year Saver now boasts a rate of 2.03%, paid on its anniversary, while the three-year equivalent pays a near market-leading 2.21% and the five-year pays the highest available rate for its term of 2.47%. Versions of these accounts that pay slightly reduced rates on a monthly basis are also available.

The finer details…

These online-only accounts require a minimum investment of £1,000. Additions are allowed within 14 days of account opening, but early access is not, so savers should ensure that they won't need their funds back for the entire term.

Why we like them…

These bonds' improved rates are more than enough to earn them places in the Best Buys and their 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 Any products featured may be withdrawn by their provider or changed at any time.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 Any products featured may be withdrawn by their provider or changed at any time.

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