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OakNorth improves short-term bond rates

OakNorth improves short-term bond rates

Category: Savings
Date: 27/06/2017

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 It is now over 6 months old so the content may be out of date.

OakNorth Bank has increased rates on selected fixed bonds by up to 0.11%, which has helped its 12, 15 and 24-month deals maintain their competitive places in the Best Buy charts for their sectors, also earning all a high rating.

The basics…

The 12-month version of the Fixed Term Deposit account now boasts a fixed rate of 1.71%, while the 15-month equivalent pays 1.75% and the 24-month version pays 1.87%, all of which are paid on maturity and compounded annually.

The finer details…

The accounts require a minimum investment of £1,000. Additions, withdrawals and other early access are not permitted, so savers will have to make sure they are happy to set their funds aside for the entirety of their chosen term. The accounts can only be opened and operated online.

Why we like them…

The increased rates on these bonds have made them even more competitive, earning them their positions in the Best Buy 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 Any products featured may be withdrawn by their provider or changed at any time.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 Any products featured may be withdrawn by their provider or changed at any time.

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