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OakNorth’s Excellent bonds

OakNorth’s Excellent bonds

Category: Savings
Date: 23/03/2017

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 It is now over 6 months old so the content may be out of date.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 amended the rates on selected fixed term deposits by up to 0.20%, which has seen the 15 and 36-month deals retain positions in their sector's Best Buy chart, earning them a high rating in the process.

The basics…

The 15-month bond now pays a slightly reduced rate of 1.43%, paid on maturity, while the 36-month equivalent pays 1.86%, after a rate rise of 0.10%.

The finer details…

These accounts require a minimum investment of £1,000. They do not allow further additions or any access prior to the end of their respective terms, so savers must ensure they are happy with their initial investment. The accounts must be opened online, after which they can be managed by post, over the phone or online.

Why we like them…

These bonds are truly deserving of the high Moneyfacts rating as they both hold comfortable positions in the Best Buys for their sector, the 36-month bond in particular, which sits in the top-three best rates over a three-year period, making it highly appealing to savers seeking a medium-term home for their money.

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 Any products featured may be withdrawn by their provider or changed at any time.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 Any products featured may be withdrawn by their provider or changed at any time.

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