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Further encouragement came today for those looking for a fixed rate savings account.
Following the launch of new versions of its fixed term deposit accounts yesterday, OakNorth Bank has increased the rates even further and is now leading the way in both the 1 and 2 year fixed rate bond best buy tables.
12 Month Fixed Term Deposit account - 1.81% gross/AER
15 Month Fixed Term Deposit account - 1.82% gross/AER
24 Month Fixed Term Deposit account - 2.01% gross/AER
30 Month Fixed Term Deposit account - 2.02% gross/AER
Conversely, for those looking at the easy access table, we have seen a new entrant in the shape of National Counties Building Society, with the launch of its new 1st Issue Classic Saver paying 1.12% gross/AER.
It is important to note that this account, although offering a competitive interest rate, does have a minimum funding requirement of £20,000. There is also a cut-off date to fund the account - from 11th August 2017, no further deposits will be accepted.
If this does not suit you, take a look at our easy access best buy table for an alternative.
If you would like any help with your savings, please call us on 0800 321 3581, we’d love to hear from you.
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