Rothschild launches savings account

Rothschild, an international finance organisation, has launched a new fixed-rate deposit account, signifying a positive shift in the market, according to one comparison site.

Head of Savings Kevin Mountford at moneysupermarket.com implied that this provided customers with valuable extra choices when considering saving options.

'Rothschild's two-year fixed-rate deposit account at a high 4.35per cent AER, brings some welcome competition to the market for those with a £20,000 deposit,' he said.

There has been a 'flurry of providers' giving fixed rates for two years and consumers can gain from the higher rates offered, he added, although people should be wary of deals which tie them in for longer as they may miss out on better rates once the base rate goes up.

Mr Mountford also advised savers interested in Rothschild's scheme to take advantage as quickly as possible as it ends on June 24th.

Graduates looking to join Rothschild may benefit from its six-week training programme based in London.