Kaupthing Edge, the Isle of Man-based online arm of offshore deposit-taker Kaupthing Singer & Friedlander, has raised the rate on its one-year fixed term sterling deposit account to 7.15% AER.
The account, launched in May this year, is also available in two and three-year versions, paying 6.91% AER and 6.69% AER respectively.
Aidan Doherty, managing director of Kaupthing Edge Isle of Man, commented: “This change underlines our commitment to offering savers consistently competitive returns on their money. We are continuously reviewing our range of products to meet our customers’ needs.”
The rate increase comes in spite of the Bank of England’s decision on Thursday to hold the base rate at 5% for the third month running.
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