Good news for savers as 3 providers increase interest rates – including 'tempting option'


Now, however, the market is looking more optimistic and one bank has increased the rate payable on its Two Year Fixed Rate Deposit Account by 0.20 percent.

Wesleyan Bank’s investment account now pays a return of 1.65 percent every year to those happy to not touch the money for two years.

“Amongst various amendments this week, Wesleyan Bank has increased the rate payable on its Two Year Fixed Rate Deposit Account by 0.20 percent,” Eleanor Williams, Finance Expert at Moneyfacts.co.uk said.

“Now paying a return of 1.65 percent on anniversary, investors who are comfortable securing their savings pot away for a set period may wish to note that following the update, this account assumes a position in our top ten when compared to other bonds with similar terms.

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