Medium-term fixed-rate bonds are a popular choice amongst savers, as they tend to pay higher rates than their short-term counterparts, without committing to a four or five-year investment period.
Many cautious savers are favouring two and three-year bonds, enabling them to lock money away whilst minimising the risk of being left on lower rates in the event of interest rates eventually rising.
Shawbrook Bank 3 Year Fixed Rate Bond Issue 9
Penny says: "Sitting at the top of the medium-term market is this highly competitive deal available to savers with at least £5,000 to invest.
"Access to funds during the term is prohibited, so savers must be willing to tie up their cash for the duration of the three year term."
Penny says: "Savers with at least £10,000 to stow away will be pleased with this three-year bond from Close Brothers Savings.
"Further additions are not allowed, so the full £10,000 minimum deposit must be invested straight away."
Penny says: "Mirroring the Close Brothers bond in terms of rate and minimum deposit is this three-year account.
"A highly competitive monthly rate of 2.47% is also available to savers who may want to supplement their income with their savings return."
Penny says: "Falling just shy of the market’s top three is this attractive online deal paying competitive returns on its anniversary and a monthly basis.
"Withdrawal of funds during the term is not permitted as with the majority of fixed rate bonds."
Penny says:"Boasting competitive rates upon maturity, anniversary and monthly, this deal from United Bank UK squeezes into the top five of the market.
"Savers who close the account during the three-year term will be penalised with a 2.00% loss of interest."
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