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Investec tops two-year chart

Investec tops two-year chart

Category: Savings
Author: Lieke Braadbaart
Date: 28/11/2018

Investec Bank plc has increased selected fixed bond rates by 0.05%, which sees its one-year bond enter the charts while its two-year deal has zoomed all the way up to the top of the Best Buys, earning them both a high Moneyfacts rating.

The basics…

The 1 Year Fixed Term Deposit now boasts a rate of 2.05%, while the two-year equivalent pays the market-leading rate of 2.35%. All interest is paid on the anniversary of when the account was opened and must be paid away, and both offer alternative versions that pay slightly reduced rates on a monthly basis.

The finer details…

These accounts require a minimum investment of £25,000. They do not allow additions, withdrawals or other early access, so savers should ensure they won't need their funds back for the entire term. Additionally, these bonds require interested savers to first open an Investec Easy Access Account for transactional purposes, after which they can be opened online and then operated by phone as well.

Why we like them…

The market-leading rate on the two-year bond and competitive return on the one-year version are enough to win them their Best Buy positions and earn both a high rating.

Moneyfacts rating: Excellent

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 Any products featured may be withdrawn by their provider or changed at any time.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 Any products featured may be withdrawn by their provider or changed at any time.

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