Money News
The Co-operative Bank has announced it will be revising its current fixed term deposit rate, offering customers a new rate of up to 6.62% gross/AER on a 1-year term.
Fixed term deposits offer people a low-risk way of saving while guaranteeing fixed returns on their investments, with a choice of 1, 2 or 3 year terms in the Co-op's case.
The Fixed Term Deposit account offers the option for interest to be paid on maturity, or monthly into another bank account. Meanwhile, the 1, 2 or 3 year terms are available with deposits ranging from a minimum £2,000 up to £1,000,000.
The new deposit rate is available through Co-operative Bank branches, online and via the telephone.
17 March 2008 © Moneyextra.com
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