Contact UsDMCA policyAbout UsPrivacy PolicyTerms of UseDisclaimerCookie Policy
Trending

Secure Trust Bank takes 'lead position' as its new savings account pays 1.67% - act fast

Secure Trust Bank takes 'lead position' as its new savings account pays 1.67% - act fast

Savings rates on average are low at the moment as the Bank of England keeps the base rate at 0.1 percent. As a result, savers are left with few options for where decent returns can be found but today, Secure Trust Bank has launched a raft of new personal savings products.

As such, savers are recommended to “act promptly” if they want to secure the rates on offer.

Richard Balfour, the Head of Savings Products at Secure Trust Bank, commented on the product launch.

Mr Balfour said: “The launch of these five competitive new products strengthens our savings offering further and offers excellent choices for discerning customers looking to make the most of their savings.

“Our cash ISAs offer a tax efficient option combined with some of the best rates available on the market while our new notice accounts and fixed rate bond also offer market leading rates providing an ideal option for savers looking for a longer term home for their cash.”

Secure Trust Bank appears to be a trustworthy place for savers to invest their cash as the company made Moneyfacts latest “Pick of the Week”, which was also released today.

The bank’s 1 Year Fixed Rate Cash ISA received strong reviews from Eleanor Williams, a Finance Expert at Moneyfacts.co.uk.

Discussing the account, Ms Williams said: “This week Secure Trust Bank has made a number of changes to products in its range, including increasing the rate on its 1 Year Fixed Rate Cash ISA.

“Investors who are yet to utilise their tax-free savings allowance may be interested to see that this ISA has seen a rise of 0.06 percent and now pays a market-leading 0.71 percent yearly.

“Early access and transfers out are permitted, subject to a 90-day loss of interest penalty, and further additions are possible within 30 days of account opening which, with careful planning, may be of interest to some.

“Overall, this account receives an Excellent Moneyfacts product rating and assumes the lead position in our top rate tables.”

On top of Secure Trust Bank, Moneyfacts also highlighted the following worthwhile options for savers:

Stay connected with us on social media platform for instant update click here to join our Twitter, & Facebook

We are now on Telegram. Click here to join our channel (@TechiUpdate) and stay updated with the latest Technology headlines.

For all the latest Business News Click Here 

 For the latest news and updates, follow us on Google News. 

Read original article here

Denial of responsibility! TechAzi is an automatic aggregator around the global media. All the content are available free on Internet. We have just arranged it in one platform for educational purpose only. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, all materials to their authors. If you are the owner of the content and do not want us to publish your materials on our website, please contact us by email – [email protected]. The content will be deleted within 24 hours.

CategoryBusiness

Related News