Anglo Irish Bank is offering four fixed rate bonds over terms ranging from one to five years, ideal if your New Year's resolution is to save.
The one year bond pays 4.6%, whilst the three, four and five year bonds each pay 4% interest. The minimum investment starts at £500 up to a maximum of £2million. Because this is a fixed rate bond you are not expected to withdraw any of your funds before the end of the agreed term. But these accounts will permit withdrawals subject to a penalty and the ability to access your money in times of need may be of comfort during these difficult economic times.
Anglo Irish Bank have previously offered a higher interest rate than at present. However, even at the reduced rate, these bonds remain amongst the market leaders in their respective fields.
Our tip for anyone interested in this account: make sure you can leave your money once invested, as it is the best way to run this style of account.
Because of the high interest offered, we rate this four out of five possible Moneyfacts stars.
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 Any products featured may be withdrawn by their provider or changed at any time.
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