Product focus: Five year fixed rate bonds - Savings - News - Moneyfacts

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Product focus: Five year fixed rate bonds

Product focus: Five year fixed rate bonds

Category: Savings

Updated: 22/01/2010
First Published: 22/01/2010

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 It is now over 6 months old so the content may be out of date.
Most fixed rate bond accounts tend to require a reasonably large minimum deposit, which can sometimes restrict a customer's options when looking for the best product. Savers looking for a long term fixed rate bond requiring a lower deposit shouldn't feel too dejected, however, as although there may be less choice, there are still some good accounts to choose from. Here are the current top three five year fixed rate bond accounts requiring a minimum deposit of less than £1,000.

AA – Telephone 5 Year Fixed Rate Bond

This account, which can only be operated by telephone, pays a rate of 5.10pc. A monthly interest option is available at 4.98pc. Savers can invest between £500 and £5m, and further additions are allowed while the issue is open. Early access is allowed, subject to the following loss of interest: For a remaining term of one year or less, 90 days; one to two years, 180 days; two to three years, 270 days; three to four years, 320 days and for four to five years, 365 days. Savers must be aged 18 and over.

Skipton Building Society – Fixed Rate Bond 31.1.15

Skipton Building Society's account pays a rate of 5.01pc. A monthly interest option is available at 4.90pc. Investments range between £500 and £1m and further additions are allowed. The account can be operated in branch, by post or online by savers aged 18 and over.

Progressive Building Society – Limited Issue Five Year Fixed Term Bond Issue 10

This account pays a rate of 5.00pc. A monthly interest option is available at 4.85pc. Savers can invest between £500 and £1m and further additions are allowed. Early access is not allowed. The account can be operated by savers of all ages, in branch or by post.

Find the best savings accounts for you - Compare long term fixed rate bonds

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 Any products featured may be withdrawn by their provider or changed at any time.

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