NatWest and RBS increase bond rates

Monday, 30 May 2011 11:20

Increased interest rates for savings bonds have been announced by NatWest and RBS.

The terms for the new products will commence on July 18th, with a minimum deposit of £5,000 required.

Described as among the most competitive bonds available, a one-year deal offers a fixed rate of three per cent AER, while a two-year product carries a rate of 3.75 per cent.

They are accompanied by a stepped rate bond, which increases from two per cent to six per cent over its three-year term.

Head of savings at RBS Phil Sheehy suggested the products "provide our customers with a secure home for their funds as part of a balanced savings portfolio, as well as offering them some of the best priced bonds on the market today".

Customers can now open the products online, over the phone or in any NatWest or RBS branch, with deposits made before July 18th earning two per cent interest.

Use the Myfinances.co.uk comparison tools to find the best deal on a savings account
 

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