Close Brothers launch fixed term savings account paying 4.25%

Saturday, 12 November 2011 12:11

Close Brothers Savings has announced the launch of a new Premium Gold fixed term deposit account that could benefit savers looking for a safe haven.

 The two-year fixed term product will be available for applications from Monday 14th November 2011, although the company has highlighted the fact that it is a limited offer that will be subject to availability.

 Savers will be able to benefit from a rate of 4.25 per cent AER and interest paid annually and upon maturity with a minimum investment of £10,000.  The maximum sum that can be paid in will be £10 million.

 Close Brothers Savings spokesperson Gail Johnson said this kind of product has proved especially popular with people nearing retirement age, or who have already retired and wish to supplement their incomes.

 "Accounts such as our latest Premium Gold fixed term account offer savers the comfort of knowing that they will get a guaranteed fixed rate of return for the next two years," she added.

Close Brothers was established in 1878 and specialises in loans, trades securities and investment management solutions.

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

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