Kent Reliance launches table-topping fixed-rate bonds

3 June 2014

Kent Reliance has launched top-paying one- and two-year fixed rate bonds. Its one-year deal pays 1.9% before tax (1.52% after), while those willing to tie their money up for two years earn 2.25% (1.8%) on £1,000 or more.

Close Brothers pays a higher 2.4% (1.92%) for two years, on a higher minimum of £10,000.

On easy access accounts the best deal comes from Tesco Bank Internet Saver, at 1.35% (1.08%) including a 0.6 (0.48) percentage point bonus for the first 12 months.

Britannia Select Saver 4 pays a higher 1.5% (1.2%) in the high street or through the post, but you are limited to four withdrawals a year.

GE Capital Direct has raised the rate on its GE Saver 6 to 1.04% (1.3%), with no bonus and no withdrawal restrictions.

Cash Isas

On easy-access cash Isas, the best deal comes from BM Savings, part of Halifax, at 1.65% tax free, but on a minimum £20,000.

For this year's cash Isa allowance only, Cheshire and Derbyshire building societies pay 1.6% and National Savings and Investments 1.5%.

The top one-year fixed rate cash Isa at 1.65% comes from Kent Reliance and Tesco Bank. Nationwide pays 2.05% for two years.

Find the best cash Isa or savings account for you

This article was written for our sister website Money Observer

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