🔔 Grab a market leading 1 Year Fixed Rate Bond paying up to 1.14% AER

Some best buy savings rates are at their highest level since November last year, which is great news right?

Well of course it’s good news as any increase to the pounds in your pocket is welcome – but unfortunately the spectre of higher inflation is becoming increasingly sinister and many experts are now concerned that it might not be transitory at all, but here to stay.

Recent figures from the Office for National Statistics (ONS) showed that Consumer Prices Index measure of inflation had increased in the 12 months to June 2021 by 2.5%, which is even higher and faster than expected. And although savings rates are continuing to rise, unfortunately inflation is rising quicker.

But, there are ways to make even more from your cash.

Apart from shopping around to find the best rates and refusing to let your high street bank rob you, keep an eye out for special deals – although still only choose a savings account that is right for you.

One such offer is the double welcome bonus currently on offer from Raisin UK. And when this bonus is available at the same time as an already joint market leading rate, if you qualify this could make a market-leading bond an even sweeter treat.

Let me show you how

Investec Bank has launched a new joint market leading 1-year fixed rate bond paying 1.01% AER which is available both directly with Investec but also available via the Raisin UK cash platform – which could elevate the return to as much as 1.14% AER. *

If you are new to Raisin, until 30th July 2021, there is a welcome bonus of up to £100 for new customers when they fund their first product through the Raisin UK platform.

Those saving £5,000 to £39,999 could receive a bonus of £10 to add to the interest they earn on the first savings account they choose. Savers with £40,000 to £74,999 could receive £50 and savers with £75,000 and over could receive a £100 bonus.

So, on the Investec 1-year bond paying 1.01% gross/AER via Raisin UK, on a balance of £75,000 that would mean earning £757.50 in interest over 12 months. But, if you add the £100 bonus, that means you would take home £857.50 gross which equates to 1.14% gross/AER.

But it’s important to realise that you need to request the bonus. Details of how to do this are on the Raisin UK website.

As this is an online process, you also need to send your funds electronically. It’s worth noting that your current account provider may restrict the amount you can transfer per day, so you need to check how many days you have to fund the account.

Welcome bonus eligibility

The Raisin welcome bonus offer gives you the chance to boost your savings with a bonus of up to £100 when you open and fund an account on the Raisin UK marketplace that meets the below deposit requirements.

The welcome bonus is for those applying for, funding and opening your first savings account via Raisin UK The deposit amount must be above £5,000 (if you open an easy access account, your lowest balance amount must remain above £5,000 for the first six months) Term or duration of your account must be six months or more You can only claim a maximum of one welcome bonus, and you can only receive this bonus by meeting these eligibility requirements

How to claim your welcome bonus

To claim your welcome bonus, send an email from the email address associated with your Raisin UK Account to [email protected], with ‘Welcome bonus‘ in the subject line, within six months of funding your first savings account. This email should contain your full name.  Only send your bonus claim email once you have received your savings account opening confirmation email.

If you have opened a fixed rate bond, the bonus will be paid into your Raisin UK hub account (not the bond you have opened) within 14 calendar days of your eligible welcome bonus claim email.

So, if you’ve not yet opened an account via Raisin and are happy to open your savings online, this is a great opportunity to boost your savings return at a time when it is desperately needed.

*We are occasionally paid by some providers if you click through from our Best Buy Tables and open a savings or current account with them. We will never accept a payment that compromises in any way our independent, whole of market approach to providing information on savings products. For clarity we will indicate those companies who remunerate us with an asterisk (*).