New fixed rate savings account from Scottish Widows Bank
Published: 7 August 2009 By MoneyhighStreet Staff Leave a Comment
Scottish Widows Bank has today launched a new 5 year fixed rate savings account for personal funds.
The new 5 year Fixed Rate Deposit Account has a fixed interest rate of 5.25% gross/AER.
The minimum investment is £10,000 and the maximum £5 million and the new savings account is available to both new and existing personal customers.
The actual start date is 23 September 2009 and the final maturity date is 22 September 2014.
Any funds paid in before the start date will earn interest at the Bank of England base rate until the start date.
Only a single deposit can be made, no additional deposits are permitted.
Mandy Webster, Marketing Manager at Scottish Widows Bank, commented ‘The longer term nature of the 5 Year Fixed Rate Deposit Account ensures customers benefit from security and a good return on their investment.
Scottish Widows Bank offers savers the choice and combination of no notice accounts, 1 year fixed accounts and now a longer term 5 year fixed account.’
Scottish Widows is part of Lloyds Banking Group.
