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Zenith improves three-year bond

Zenith improves three-year bond

Category: Savings
Author: Lieke Braadbaart
Date: 12/04/2018

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 It is now over 6 months old so the content may be out of date.

Zenith Bank (UK) Ltd has increased the rate on its three-year fixed rate bond by 0.22%, which sees it take up a competitive position in the Best Buy charts while also earning it a high rating.

The basics…

The 3 Year Fixed Term Deposit now boasts a rate of 2.22%, paid on its anniversary, whereby interest must be compounded.

The finer details…

This account requires a minimum investment of £1,000. It does not permit additions or any early access, so savers will have to ensure they won't need their funds for the entire three years. The bond must be opened online and can then only be operated by post.

Why we like it…

Given its improved rate, it's easy to see why Zenith Bank's account has entered the three-year savings bond chart and 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 Any products featured may be withdrawn by their provider or changed at any time.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 Any products featured may be withdrawn by their provider or changed at any time.

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