Happy to lock money away for a set period of time?
• The type of account required is called a Fixed Rate.
• There is restricted access to withdraw money from the account for a minimum of 12 months
• As a result it is likely that the account will have much better rates than the current accounts.
• Although the rate is what is advertised, there may be a ‘bonus’ rate that means that after a certain period the account falls back to a lower level.