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Ikano’s fixed bonds become market-leaders

Ikano’s fixed bonds become market-leaders

Category: Savings
Date: 06/01/2017

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 It is now over 6 months old so the content may be out of date.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 its three and four-year fixed savings bonds, which sees both deals now offer the market-leading rate for their respective terms. As a result, their positions in the Best Buys have improved, with the three-year version shooting to number one, and they've both earned a high rating.

The basics…

The Fixed 3 Year Saver now boasts a yearly fixed rate of 1.75%, while the four-year equivalent boasts a rate of 1.95%, both being the highest rates for their terms.

These bonds are also available as monthly options, paying slightly reduced rates of 1.74% and 1.93% respectively.

The finer details…

These accounts require a minimum investment of £1,000 and have to be opened online, but can then be operated over the phone as well. Additions are permitted for up to 14 days after opening, but withdrawals and early access are not. Savers will therefore need to be happy with their chosen term from the outset.

Why we like them…

The market-leading rates on these bonds alone are enough to make them highly competitive choices, with the three-year bond additionally taking pride of place at the top of its chart. They have certainly earned their high rating, and should be considered by anyone looking to secure their savings for a few years.

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 Any products featured may be withdrawn by their provider or changed at any time.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 Any products featured may be withdrawn by their provider or changed at any time.

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