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Moneyfacts Weekly Product News 13 05 21 | moneyfacts.co.uk


Managing account: By post
Other information: Minimum applicant age 18. Joint account option available. BLME transfer account required. Sharia-compliant account – rates shown are expected profit rate.
 
FCMB Bank (UK) has made various amendments to its range of Raisin UK products this week, including launching new offerings and increasing the rate on others. The 2 Year Fixed Term Deposit is one of the accounts to see an increase and now pays 0.88% on maturity (compounded annually). This improves the account’s position in our top rate tables when compared to other bonds with similar terms currently available. As is common in the fixed rate market, neither early access nor further additions are permitted, meaning that investors are advised to plan carefully. However, those happy to secure their savings pot away for the term and able to meet the minimum investment amount of £1,000 may find this an attractive option. Additionally, a welcome bonus of up to £50 can be ....

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The Best Savings Rates This Week 07.05.21


 
The best rate in the fixed rate savings chart overall came from Gatehouse Bank, with its Fixed Term Green Saver paying an expected profit rate of 1.40% gross on anniversary on a five-year term. This account requires a £1,000 minimum deposit to open. It has the incentive of Gatehouse Bank planting a tree in a UK woodland when the account is opened and funded. It must be opened and managed online.
New to the top of the three year fixed rate bond chart this week was Zopa’s 3 Year Fixed Term Savings account, which pays 0.99% gross monthly, although savers should note that interest is only available on maturity. To open this account, a £1,000 minimum deposit is needed. It must be opened online and can then be managed online and via mobile app. ....

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The Best Savings Rates This Week 30.04.21


 
Topping the notice chart this week with an account available to new customers was Moneycorp Bank, which pays 0.65% gross monthly on its 90 Day Notice Account. This account requires a £10,000 minimum deposit to open and, as well as this, savers must have or open a Deposit Account with Moneycorp Bank for transactional purposes. Further additions are allowed while the issue remains open from a minimum of £10,000. Withdrawals can be made subject to 90 days’ notice. This account must be opened and managed online.
Hanley Economic Building Society had the next-best rate with its Notice 90 account paying 0.55% gross yearly from £25,000, while a higher rate of 0.65% is paid on deposits of £50,000 and a lower rate of 0.35% is paid on deposits at £100. This account, however, has localised opening restrictions. Savers interest in this account can find out more by visiting our notice account chart. ....

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Interest rates: Best flexible & fixed savings deals shared ahead of BoE base rate decision


| UPDATED: 14:32, Sun, Mar 14, 2021
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Interest rates for a number of financial products are very low at the moment as the Bank of England continues to keep the base rate at an all time low. As such, those looking for decent returns on their savings are likely to struggle. ....

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