Milestone Savings’ one-year bond now improved | Product News | moneyfacts.co.uk

Product News

Moneyfacts.co.uk News brings you the latest financial & economic news & reviews of the best products in the UK by our team of money experts.

Milestone Savings’ one-year bond now improved

Milestone Savings’ one-year bond now improved

Category: Savings
Author: Lieke Braadbaart
Date: 20/04/2018

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 It is now over 6 months old so the content may be out of date.

Milestone Savings has increased the rate on its one-year fixed bond by 0.08%, which sees it enter the Best Buy savings chart for its sector and earns it a high rating.

The basics…

The one-year Fixed Term Deposit now boasts an anticipated profit rate of 1.90%, paid on maturity, whereby interest must be paid away.

The finer details…

This online-only account requires a minimum investment of £1,000. It does not allow additions or withdrawals, so savers will want to make sure they won't need their invested funds back before the year is over. Note also that this is a Sharia'a compliant account, so the rate mentioned is the expected profit rate. If you want to know more about this type of account before you commit, you can read our guide
on the subject.

Why we like it…

Today's rate rise has made this account competitive enough to earn a place in the charts, as well as 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 Any products featured may be withdrawn by their provider or changed at any time.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 Any products featured may be withdrawn by their provider or changed at any time.

Close