Savings update: Where savers can get ‘market leading’ 3 percent interest | Personal Finance | Finance


Compounding three percent interest over the five years would mean someone putting in the minimum of £1,000 will take out £1,150 at the end of the term. 

The maximum amount that can be deposited into the account is £85,000.

The interest on the account is calculated daily but only paid on maturity of the account. 

As the account is fixed, savers will not be able to withdraw any money from the account during the term.

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