Product focus: Fixed rate bonds - Money - News - Moneyfacts

News

Moneyfacts.co.uk News brings you the latest financial & economic news & reviews of the best products in the UK by our team of money experts.

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 It is now over 6 months old so the content may be out of date.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 Any products featured may be withdrawn by their provider or changed at any time.

Related Articles

Have your financial habits changed?

2016 was certainly a turbulent year, and it's had a notable impact on household finances. Indeed, research shows that recent events have influenced the way over half of UK respondents manage their finances, with many becoming more cautious.

Kids got £180 in pocket money in 2016

New research has revealed that kids aged 4-14 received an average of £180.44 in pocket money over the last year, which was topped up by an additional £47 on average received in cash over the Christmas period.

How much could it cost to get fit in 2017?

We’re almost a week into 2017, and hopefully, many of those New Year’s Resolutions are still going strong. Figures suggest that the most popular resolution is to achieve a healthier lifestyle, but just how much could that ambition set you back?
 
Close