Barnsley BS online bond is not an illusion - Savings - News - Moneyfacts

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

Barnsley BS online bond is not an illusion

Barnsley BS online bond is not an illusion

Category: Savings

Updated: 18/09/2009
First Published: 18/09/2009

This article was correct at the time of publication. It is now over 6 months old so the content may be out of date.

If you're having less luck than Derren Brown in predicting the lottery numbers, the new online bond from Barnsley BS could give your finances a welcome boost.

A fixed term internet operated account, the new issue of the Three Year Online Bond pays 4.70% yearly (4.60% monthly), 0.55% more than its predecessor.

Minimum investment is £100, while additions are allowed whilst the issue remains open.

Early access to your funds is not permitted and with a maturity date of 28 February 2013, money needs to be committed for nearer three and a half years.

However, with the rate available amongst the best in the three to four year term bond market, this magic little product earns four out of five 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 Any products featured may be withdrawn by their provider or changed at any time.

Related Articles

Just 44 savings accounts beat inflation

Inflation recorded another large jump during December, and predictably, this has had a devastating impact on the number of savings accounts that beat it, so much so that you’ll need to lock your money away if you want an inflation-beating return.

Just 47% have money in a savings account

We’re often told of the importance of saving, yet unfortunately, the message doesn’t always get through. Indeed, research shows that just 47% of those surveyed have money in a savings account, and 17% have no savings or investment whatsoever.

How much will you save this year?

Many of us have set savings goals for the year ahead, and planning to budget better and save more will be at the top of many financial resolution lists. But how much are you hoping to squirrel away? Encouragingly, many people have impressive targets.