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Ikano’s 1yr fixed bond remains competitive

Ikano’s 1yr fixed bond remains competitive

Category: Savings
Date: 03/02/2017

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 It is now over 6 months old so the content may be out of date.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 reduced the rate on its one-year fixed bond by 0.05%, yet despite this, it has maintained its position in the Best Buy chart for its sector, earning it a high rating.

The basics…

The Fixed 1 Year Saver now has a rate of 1.35%, paid on its anniversary. A monthly version paying 1.34% is also available.

The finer details…

The bond requires a £1,000 minimum investment. It allows further additions within 14 days of account opening, but withdrawals are not permitted. The account must be opened online and can then be operated by phone as well.

Why we like it…

Despite this change, the rate on the deal remains competitive enough compared to its peers to retain its place in the Best Buys, gaining a high rating in the process.

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 Any products featured may be withdrawn by their provider or changed at any time.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 Any products featured may be withdrawn by their provider or changed at any time.

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