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Product focus: Five year fixed rate bonds

Product focus: Five year fixed rate bonds

Category: Savings

Updated: 24/09/2010
First Published: 24/09/2010

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 It is now over 6 months old so the content may be out of date.

Various savings providers have launched new accounts over past weeks.

The fixed rate bond market has seen a number of changes, with some larger providers announcing new rates.

Here is a selection of some of the five year fixed rate bonds launched recently.

Aldermore – 5 Year Fixed Rate Account

This bond pays 4.50% on its anniversary. A monthly interest option is available at 4.41%. Savers can invest between £1,000 and £1 million. Further additions and early access are not allowed. The account can be operated by savers aged 18 and over in branch, by post, telephone or online.

Northern Rock – Fixed Rate Bond Issue 414

Northern Rock's five year bond pays 4.15% on 1st October 2015. A monthly interest option is also available at 3.85%. Investments range between £1 and £2 million and further additions can be made whilst the issue remains open. Early access is not permitted. The account is available to savers of all ages and can be operated by post only.

Nationwide Building Society – 5 Year Fixed Rate Bond

This new bond, launched today, pays a range of rates dependent on the investment amounts. A return of 3.75% is paid for deposits between £1 and £9,999, 3.80% for £10,000 to £24,999, 3.90% for £25,000 to £49,999 and 4.00% for deposits between £50,000 and £2 million. Further additions are not allowed. Early access is allowed on closure only subject to 365 days loss of interest. The account can be operated in branch only by savers aged 7 and over.

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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 Any products featured may be withdrawn by their provider or changed at any time.

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