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Masthaven amends savings rates

Masthaven amends savings rates

Category: Savings
Date: 27/01/2017

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 It is now over 6 months old so the content may be out of date.

Masthaven Bank has amended several rates, which sees its three and five-year fixed rate bonds retain their positions in the Best Buy charts and its 30-month flexible term saver sitting comfortably at the top of its sector, earning them all a high Moneyfacts rating.

The basics…

The three-year bond now boasts a yearly rate of 1.70%, while the five-year equivalent pays a rate of 1.96%. The 30-month saver now pays a market-leading 1.62% on its anniversary.

Monthly versions of all accounts are also available, paying respective rates of 1.69%, 1.94% and 1.60%.

The finer details…

These accounts require a minimum investment of £500 and have to be opened online, but can then be managed by phone as well. Additions are allowed for seven days from account opening, while withdrawals and early access are not. Savers will therefore need to make sure they won't need their funds for the entirety of their chosen term.

Why we like them…

The competitive rates on these deals are more than enough to see them retain their positions in the Best Buy charts, including for the 30-month option the number one spot, also deservedly earning them 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 Any products featured may be withdrawn by their provider or changed at any time.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 Any products featured may be withdrawn by their provider or changed at any time.

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