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Product focus: Fixed rate bonds

Product focus: Fixed rate bonds

Category: Money

Updated: 24/04/2012
First Published: 24/04/2012

MONEYFACTS ARCHIVE
This article was correct at the time of publication. It is now over 6 months old so the content may be out of date.
There has been a surge of changes to fixed rate bonds this week. Savers looking for a decent return over a medium to long term may consider one of the many fixed savings bonds on the market today.

With this in mind, here is a selection of fixed rate savings bonds that are available for online applications:

Two year

BM Savings

  • BM Savings' Internet Fixed Rate Bond has a rate of 3.90% fixed for two years.
  • A monthly option is available with a rate of 3.83%.
  • The account is available to those who invest a minimum of £1, maximum investment £10,000.
  • Earlier access is allowed subject to a 90 to 180 day interest penalty.
  • Additions allowed while issue remains open.
  • Savers must be aged 18 or over to apply online.

Three year

Halifax

  • The Halifax Fixed Online Saver has a rate of 4.00% fixed for three years.
  • A monthly option is available with a rate of 3.93%.
  • The account is available to those who invest a minimum of £500, maximum investment £5 million.
  • Earlier access is allowed on closure only subject to a 270 day interest penalty.
  • No further additions allowed.
  • Savers must be aged 16 or over to apply.
  • Applications accepted online only.

Five year

Vanquis Bank

  • Vanquis Bank offers a High Yield account with a fixed rate of 4.41% over five years.
  • A monthly option is available with a rate of 4.32%.
  • Savers must invest a minimum of £1,000.
  • Early access or further additions are not permitted.
  • Maximum investment is £250,000.
  • No earlier access or additions are permitted.
  • Savers must be aged 18 or over to apply.
  • Applications accepted online only.

Find the best savings rates for you - Compare savings accounts

Disclaimer: Information is correct as of the date of publication (shown at the top of this article). Any products featured may be withdrawn by their provider or changed at any time.

 
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