bank of cyprus 6.33%!!

ds1980

THink ing that rate increases have been factored into many deals and that this 1 year bond looks cracking at 6.33%

anybody know any better or have advice. Are they regulated etc??

thanks,

KTF

Deposit Protection
8. We are a member of the Central Bank of Cyprus Deposit Protection Scheme and the UK Financial Services Compensation Scheme. Total payments per customer are limited to 100% of the first £2000 of a customer's eligible deposits and 90% of the next £33,000, resulting in a maximum possible payment of £31,700.

Banking Code
9. Bank of Cyprus UK is a signatory of the Banking Code, copies of which are available on request.

From: http://www.bankofcyprus.co.uk/main.asp?id=6268

MattB_4

It's certainly significantly over current 1 year savings swap rates! Swap rates still seem to be on the rise so there may be better deals to come IF someone wants to raise some funds that way. I'd be happy to take it if i had money to invest though.

ds1980

thats what i thought so whats the catch????

maybe i should stop being so pessimistic?

MattB_4

Can't see that there is any. If you're in the market for a FRB I'd go for it in all honesty. Maybe there will be a better rate next week, maybe there won't. Either way it's still a very good rate.

derrick

2 here in England
Birmingham Midshires 6.23% not quite 6.3
http://www.askbm.co.uk/savings/t/fixed/1year/intro.asp


West Bromwich B S @ 6.3%
http://www.westbrom.co.uk/westbrom/savings.product?id=3146&FROM_CAMPAIGN=true&CAMPAIGN_SRC=HOME_PAGE

Biggles

Also Halifax @ 6.3%

MattB_4

Looks like the Bank of Cyprus ship has sailed. No longer listed on MoneyFacts. However West Brom BS and Birmingham Midshires have gone out with 6.36% and 6.35% respectively!