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Moneyfacts Weekly Product News 20 05 21 | moneyfacts co uk

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 claimed when

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Published: 06/05/2021 Share The Moneyfacts.co.uk Pick of the Week showcases the best of the latest products or rate changes to hit the consumer finance market. Savings Among various updates across its range of savings products, this week Cynergy Bank has lifted the existing customer restriction on its Online Easy Access Account. Paying a rate of 0.40% and open to investments of as little as £1, this account takes the lead position in our top rate tables when compared against other similar easy access accounts that offer a bonus. Savers looking to maintain flexible access to their savings pot could well be tempted by the return, but may wish to consider scheduling a review after 12 months when the bonus will expire and the rate reduces by 0.10%. The account secures an Excellent Moneyfacts product rating.

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