We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
Allica Bank 1yr fixed rate bond 1.55%
Growingold
Posts: 511 Forumite
Just seen on Savings Champion Allica Bank is offering a 1yr fixed rate bond at 1.55%. Deposits are protected by the FSCS. Personally I've never heard of them. Has anyone else?
0
Comments
-
They are a brand new bank having just recieved their licence in September last year. They did launch the 1 year account at 1.49% so was curious when saw it at 1.55% so soon after!! Suppose as a new bank may have not got a big uptake so improved rate with smaller uptake allowed?? Didn't look into it other than read article below so can't say if anyone had time to have good or bad experiences!!Growingold said:Just seen on Savings Champion Allica Bank is offering a 1yr fixed rate bond at 1.55%. Deposits are protected by the FSCS. Personally I've never heard of them. Has anyone else?
https://www.dailymail.co.uk/money/saving/article-8226115/Is-Allica-Banks-one-year-fix-paying-1-49-safe-spot-savings.html
1 -
There are a handful of providers offering 1.5 to 1.6% for one year bonds, so as a newbie bank they need to be in this range I guess.
1 -
That didn't last long.
1
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 352.4K Banking & Borrowing
- 253.7K Reduce Debt & Boost Income
- 454.4K Spending & Discounts
- 245.4K Work, Benefits & Business
- 601.2K Mortgages, Homes & Bills
- 177.6K Life & Family
- 259.2K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards