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Shawbrook Bank increases 2 & 3yr bond rates

Shawbrook Bank increases 2 & 3yr bond rates

Category: Savings
Date: 27/03/2017

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 It is now over 6 months old so the content may be out of date.

Shawbrook Bank has increased the rates on selected fixed bonds by up to 0.30%, which sees its two and three-year deals enter the Best Buy charts for their sectors, earning them a high rating in the process.

The basics…

The 2 Year Fixed Rate Bond Issue 41 now boasts a rate of 1.60%, paid on its anniversary, while the three-year equivalent (Issue 37) pays 1.80%.

The finer details…

The two-year account requires a minimum investment of £1,000, while the three-year requires a higher £5,000. They both allow additions while the respective issue remains open, but no early access, so savers will have to make sure they are happy with their chosen term. The accounts can be opened by post and online, before becoming phone and internet-operated.

Why we like them…

The increased rates on these bonds have made them attractive enough to earn their positions in the Best Buy charts, 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 Any products featured may be withdrawn by their provider or changed at any time.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 Any products featured may be withdrawn by their provider or changed at any time.

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