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OakNorth’s bonds now top-3

OakNorth’s bonds now top-3

Category: Savings
Date: 08/03/2017

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 It is now over 6 months old so the content may be out of date.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 the rates on selected fixed term deposits by an impressive 0.31%, which has seen the 12 and 15-month deals jump to third and second place respectively in their sector's Best Buy chart, earning them a high rating in the process.

The basics…

The 12-month bond now boasts a rate of 1.62%, paid on maturity, while the 15-month equivalent pays 1.63%, which sees it become the market-leader for its term.

The finer details…

These accounts require a minimum investment of £1,000. They do not allow any access prior to the end of their respective terms, so savers will have to ensure they are happy with their initial investment and won't need those funds prior to maturity. The accounts have to be opened online, after which they can be managed by post and over the phone as well.

Why we like them…

The increased rates on these bonds have made them highly attractive, earning them both a top-three place in their Best Buy chart 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 Any products featured may be withdrawn by their provider or changed at any time.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 Any products featured may be withdrawn by their provider or changed at any time.

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