Today, in the final part of his guide aimed at helping This is Money readers sort out a loved one s finances, Stephen Gold describes how to squeeze yet more compensation from banks slow to hand over cash.
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The top fixed bond rate this week continued to be offered by Shawbrook Bank, which pays 1.35% gross on anniversary on its 7 Year Fixed Rate Bond Issue 6. This account requires a £1,000 minimum deposit to open and must be opened online. Once opened, it can be managed online and by phone. There is a version of this account that pays interest monthly at a slightly lower gross rate of 1.34%.
Four providers offered the top-paying five year fixed bond rate this week. Shawbrook Bank pays 1.25% gross on anniversary on its 5 Year Fixed Rate Bond Issue 33. A £1,000 minimum deposit is needed to open this account. It must be opened online, but can then be managed online and by phone. There is a version of this account that pays interest monthly at a slightly lower gross rate of 1.24%. UBL UK pays a gross rate of 1.28% on maturity on its 5 Year Fixed Term Deposit, but also offers versions of this account that pays 1.25% gross on anniversary and 1.24% gross monthly. All versions require a �