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Secure Trust Bank launches appealing new bonds

Secure Trust Bank launches appealing new bonds

Category: Savings
Author: Lieke Braadbaart
Date: 09/03/2018

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 It is now over 6 months old so the content may be out of date.

Secure Trust Bank has launched a number of new savings bonds, including market-leading six and seven-year bonds, which now top the Best Buys, and a two and five-year deal that have entered the Best Buys in competitive places. All these fixed bonds have earned a high Moneyfacts rating.

The basics…

The 2 Year Fixed Rate Bond comes with a rate of 2.06% paid until 17.04.2020, while the five-year equivalent pays 2.56% until 17.04.2023, the six-year pays the highest available rate for its term of 2.60% until 17.4.2024 and the seven-year pays a market-leading 2.65% until 17.04.2025. Interest is paid yearly on these accounts.

The finer details…

These accounts require a minimum investment of £1,000. Additions of at least £1,000 are allowed for 30 days from account opening or until 16.04.2018, whichever comes first. Early access, however, is not permitted, so savers should ensure that they won't need their funds back for the entirety of their chosen term. The bonds can only be opened online, but then also managed over the phone.

Why we like them…

These bonds' competitive rates have easily earned them their places in the Best Buys, 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 Any products featured may be withdrawn by their provider or changed at any time.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 Any products featured may be withdrawn by their provider or changed at any time.

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