Britannia launchs three-year fixed rate deposit account

Britannia International has launched a three-year fixed rate deposit account, paying up to 4.65% gross p.a./A.E.R.

Available immediately for investments of 1,000 or more, the three-year fixed rate deposit issue 14 also offers a monthly income option with a fixed rate of 4.50% gross p.a. (4.59% A.E.R.). The maximum deposit is 1m. Additional deposits or withdrawals are not permitted.

Peter Mansfield, international managing director at Britannia, says: “With speculation suggesting a further fall in base rate, this is an excellent opportunity to invest at a highly attractive rate that is guaranteed for a full three years. And with the monthly rate fixed at 4.50%, its ideal for those investors looking for an assured level of monthly income.”

The three-year fixed rate deposit issue 14 complements Britannia’s existing one-year fixed rate deposit issue seven, which offers an annual rate of up to 4.50% and a monthly rate of up to 4.20%.