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A savings account has earned an “excellent” from Moneyfactscompare, with it boasting an interest rate of 4.46 per cent.

LHV Bank has raised the interest on its one-year fixed savings account to that level, allowing savers to maximise their money for a set period at a fixed interest rate.

Savers can launch the account with a minimum deposit of £1,000, and up to £1million can be saved overall.

Caitlyn Eastell, spokesperson at Moneyfactscompare.co.uk , said: “LHV Bank has increased the rate on its One Year Fixed Rate Bond. The rise sees it take a position as a market-leader.

“On assessment, the deal earns an Excellent Moneyfacts product rating.”

The account can be launched via the bank’s app by people aged 18 and over.

Interest is paid at the end of the term and as with mo

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