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Ikano Bank’s fixed bond rates compete

Ikano Bank’s fixed bond rates compete

Category: Savings
Date: 20/10/2017

Ikano Bank has increased rates on selected savings accounts by up to 0.16%, which sees its two and three-year fixed rate bonds enter the Best Buy charts for their respective sectors and its five-year deal improve its position, earning them all a high rating.

The basics…

The Fixed 2 Year Saver now boasts a rate of 2.02%, paid on its anniversary, while the three-year equivalent pays 2.21% and the five-year pays 2.46%. Monthly versions of these accounts which pay slightly reduced rates of interest are also available.

The finer details…

These online-exclusive accounts require a minimum investment of £1,000. They allow additions within 14 days of account opening, but no withdrawals or other early access, so savers will have to make sure they are happy to set their funds aside for the entirety of their chosen term. Access is arranged through a nominated current account.

Why we like them…

These bonds offer attractive rates, earning them competitive places in the Best Buys, as well as a 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 Any products featured may be withdrawn by their provider or changed at any time.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 Any products featured may be withdrawn by their provider or changed at any time.

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