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Raphaels’ new 1 & 3yr bonds compete

Raphaels’ new 1 & 3yr bonds compete

Category: Savings
Date: 03/05/2017

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 It is now over 6 months old so the content may be out of date.

Raphaels Bank has launched new fixed rate bonds with terms of one and three years, which have both entered the Best Buy charts for their respective sectors at competitive places, earning them a high rating in the process.

The basics…

The 12 Month Fixed Rate Bond boasts a rate of 1.50%, paid on maturity, while the 36-month equivalent pays 1.90% on its anniversary.

The finer details…

The accounts require a minimum investment of £5,000. Neither account allows additions, withdrawals or other early access, 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 be opened and operated by post and in branch.

Why we like them…

The competitive rates on these bonds have earned them their top-5 positions in the Best Buy charts, and won them 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 Any products featured may be withdrawn by their provider or changed at any time.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 Any products featured may be withdrawn by their provider or changed at any time.

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