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It’s Thursday, and that means Moneyfactscompare.co.uk expert James Hyde has published his savings deals of the week…
SmartSave – One year fixed bond
“The account pays 5.26% on maturity and requires a minimum £10,000 initial investment. Further additions can be made for a fortnight following the account opening, so careful planning is wise.”
Minimum opening amount: £10,000
OakNorth Bank – 30 month fixed term savings account
“Paying 5.28% gross, it sits high in our charts among bonds of less than three years. A minimum investment of just £1 may appeal to investors, although they should also note no early withdrawals are possible. Further additions are permitted for two weeks from the account opening.”
Minimum opening amount: £1
Beehive Money – five year goal bond issue five
“Now paying 5.10%, the product sits as one of our best buys when compared with others of a similar term. Although earlier access is not permitted, investors may be pleased to note that further additions can be made for 14 days from the account opening or while the issue remains open, whichever period is longer.”
Minimum opening amount: £500
UBL UK – Cash ISA fixed one year
“Paying 4.56%… further additions are not permitted, and earlier access is only permitted on account closure and subject to a loss of interest penalty, which should be considered.”
Minimum opening amount: £2,000
Sainsbury’s Bank – Defined access saver issue 44
“Now paying 3.76% from £1,000… [but] this account pays a lower rate of 1% if four or more withdrawals are made, which investors may wish to consider.”
Minimum opening amount: £1
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