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OakNorth’s top-3 fixed term deposits

OakNorth’s top-3 fixed term deposits

Category: Savings
Date: 31/03/2017

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 It is now over 6 months old so the content may be out of date.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 bonds by up to 0.05%, which has seen its 24 and 30-month deals enter the top-three of their Best Buy chart, while the 36-month deal has jumped to the top of its chart. All have earned a high Moneyfacts rating in the process.

The basics…

The 24-month Fixed Term Deposit now boasts a rate of 1.71%, paid on maturity (with interest compounded annually), while the 30-month equivalent pays 1.76%, which is the top rate for its term, and the 36-month deal pays a market-leading 1.91%.

The finer details…

These online-only 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 their funds prior to maturity.

Why we like them…

The increased rates on these bonds have made them even more attractive, earning them their high places in the Best Buy charts, with the 30 and 36-month deals' top rates making them really stand out. They have all deservedly earned 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 Any products featured may be withdrawn by their provider or changed at any time.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 Any products featured may be withdrawn by their provider or changed at any time.

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