Product focus: Fixed rate bonds - Savings - News - Moneyfacts

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Product focus: Fixed rate bonds

Product focus: Fixed rate bonds

Category: Savings

Updated: 28/01/2010
First Published: 13/11/2009

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 It is now over 6 months old so the content may be out of date.
Fixed rate bonds remain the product of choice for savers, with 34pc of the visitors to Moneyfacts.co.uk searching for this type of product. The high demand for the bonds has resulted in the average shelf life falling to an all time low of just 23 days. Savers need to act fast or they could find the bond they were after' withdrawn.

National Savings & Investments – Guaranteed Growth Bond Issue 48

National Savings & Investments is offering the highest rate on the market for savers looking for a one year commitment. Savers can invest between £500 and £1m into the bond, which is operated online, by post or telephone. Access to funds is available during the term of the bond, but will be subject to a 90 days' loss of interest.

AA – Internet 2 Year Fixed Rate Bond

Those prepared to commit funds for two years are being offered a rate of 4.35pc from the AA. Savers looking for a regular income can opt for interest to be paid monthly. Between £500 and £5m can be invested into the bond, with further additions permitted whilst the bond remains open. Access is available during the term, but will be subject to a loss of 90 days' interest.

Skipton Building Society – Fixed Rate Bond

The highest rate on the market is being offered by Skipton Building Society at 5.35pc on its Fixed Rate Bond, which matures on 30th November 2014. Savers looking for an income from their money can opt for interest to be paid monthly. The bond can be operated in branch, by post or online and savers can invest between £500 and £1m. Further additions are permitted whilst the bond remains open, but no access is available during the term of the deal.

Find the best savings accounts for you - Compare fixed term 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 Any products featured may be withdrawn by their provider or changed at any time.

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