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Masthaven’s bonds move upwards

Masthaven’s bonds move upwards

Category: Savings
Date: 27/06/2018

Masthaven Bank has increased the rates on several of its fixed rate bonds by up to 0.36%. As a result, its 18-month, two, three and five-year deals have moved up the Best Buy charts, while its 30-month bond now proudly sits in first place. All have also earned a high rating.

The basics…

The 18 Month Flexible Term Saver now boasts a rate of 2.00%, while the 30-month equivalent pays a market-leading 2.23%. Meanwhile, the 2 Year Fixed Term Bond pays 2.14%, the three-year version pays 2.32% and the five-year comes with a rate of 2.66%. All interest is paid on the anniversary of when the account is opened, and all have alternative versions that pay slightly reduced rates on a monthly basis too.

The finer details…

These online-exclusive accounts require a minimum investment of £500. They allow additions for seven days from account opening, but withdrawals or other early access are not permitted, so savers should ensure they won't need their funds back for the entire term.

Why we like them…

The competitive rates on these bonds are enough to earn them their places in the Best Buys, with the 30-month's top rate making it particularly stand out. They easily earn a high rating to boot.

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 Any products featured may be withdrawn by their provider or changed at any time.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 Any products featured may be withdrawn by their provider or changed at any time.

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