You are here: Home - Saving & Banking - News -

TSB raises rates on cash ISA and two-year bond

0
Written by: Danielle Levy
07/12/2018
TSB is hoping to lure savers over the Christmas period by raising the interest rates for its fixed rate cash ISA and two-year fixed bond.

It has increased the rate on its two-year fixed rate cash ISA to 1.25%, up from the previous annual equivalent rate (AER) of 1%.

This tax-efficient account requires a minimum investment of £3,000 and deposits or transfers must be made within 30 days of opening the account. Savers who opt for this ISA can expect to earn interest of around £75 over two years on a £3,000 deposit.

The bank has also raised the interest rate on its two-year fixed bond to 1.25%, up from 0.8%. This requires a minimum investment of £2,000 within 10 working days of opening the account. An investment of £2,000 will earn interest of around £50 over two years.

Paul Izon, head of savings at TSB, commented: “It’s great to be able to offer our customers a stand-out savings rate on the high street. As the rate is fixed, customers have the reassurance that they can save well for the long-term.”

There are 0 Comment(s)

If you wish to comment without signing in, click your cursor in the top box and tick the 'Sign in as a guest' box at the bottom.

The savings accounts paying the most interest

If one of your jobs this month is to get your finances in order, moving your savings to a higher paying deal i...

Coronavirus and your finances: what help can you get?

News and updates on everything to do with coronavirus and your personal finances.

Everything you need to know about being furloughed

If you’ve been ‘furloughed’ by your company, here’s what it means…

What will happen if rates change

How your finances will be impacted by a rise in interest rates.

Regular Savings Calculator

Small regular contributions can build up nicely over time.

Online Savings Calculator

Work out how your online savings can build over time.

Having a baby and your finances: seven top tips

We’re guessing the Duchess of Cambridge won’t be fretting about maternity pay or whether she’ll still be...

Protecting family wealth: 10 tips for cutting inheritance tax

Inheritance tax - sometimes known as 'death tax' - can cause even more heartache for bereaved families. But th...

Travel insurance: Five tips to ensure a successful claim

Ahead of your summer holiday, it’s important to make sure you have the right level of travel cover or you co...

Money Tips of the Week

Read previous post:
O2 data outage: how to claim compensation

Mobile phone provider O2 has sought to make amends for Thursday's data outage. Here's what to do if you are...

Close