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Investec’s short-term bond rates up

Investec’s short-term bond rates up

Category: Savings
Date: 06/08/2018

Investec Bank plc has increased the rates on several of its fixed rate bonds by 0.05%. As a result, its 18-month, one and two-year deals have moved up the Best Buy charts, earning a high Moneyfacts rating at the same time.

The basics…

The 18 Month Fixed Term Deposit now boasts a rate of 2.05%, while the one-year equivalent pays a competitive 2.00% and the two-year version comes with a rate of 2.20%. All interest is paid on the anniversary of when the account is opened and must be paid away, and all have alternative versions that pay slightly reduced rates on a monthly basis too.

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 competitive rates on these bonds are enough to see them improve their places in the Best Buys and earn 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 Any products featured may be withdrawn by their provider or changed at any time.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 Any products featured may be withdrawn by their provider or changed at any time.

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