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Tandem enters fixed bond charts

Tandem enters fixed bond charts

Category: Savings
Author: Lieke Braadbaart
Date: 11/04/2018

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 It is now over 6 months old so the content may be out of date.

Tandem Bank has entered the fixed rate savings market with competitive two and three-year bonds that take up high positions in the Best Buy charts, earning both a high Moneyfacts rating.

The basics…

The Tandem 2 Year Fixed Saver boasts a rate of 2.10%, while the three-year equivalent pays 2.30%. Both deals sit just behind the market-leaders for their term, whereby interest is paid on their anniversary and must be paid away.

The finer details…

These accounts require a minimum investment of £1,000. Neither additions nor withdrawals are allowed, so savers will have to ensure they won't need their funds for the entirety of their chosen term. The bonds can only be opened online and then operated over the phone.

Why we like them…

These bonds' attractive rates have easily earned them their competitive places in the Best Buys, as well as their high rating. They're certainly a welcome addition to the fixed savings market.

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 Any products featured may be withdrawn by their provider or changed at any time.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 Any products featured may be withdrawn by their provider or changed at any time.

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