Changes to fixed rate bonds continue to dominate the savings arena, with no let up in sight of providers trying to outdo each other to offer attractive rates of interest. Moneyfacts' figures show that the average fixed rate bond has seen rates increase by 1.37 per cent since base rate was kept on hold in March.
Yorkshire Building Society – Five Year Fixed Rate Bond
Yorkshire Building Society has just raised the bar once again, offering a market leading rate of 5.40 per cent on its Five Year Fixed Rate Bond . Savers can invest between £100 and £500,000 into the bond, which matures on 30 September 2014. Whilst the issue remains open, savers can make further additions into the bond, but access is not available during the term.
Barnsley Building Society – Online Bond
Savers looking to commit funds for three years can get a market leading rate of 5.00 per cent from Barnsley Building Society. The bond matures on 30 September 2012 and savers can invest between £100 and £500,000, with monthly interest available for those requiring a regular income. Further additions are allowed whilst the bond remains open, but access is not permitted during the term.
Aldermore – Fixed Rate Bond
Ruffler Bank has recently changed its name to Aldermore and is currently paying the highest rate for savers looking to commit funds for two years. Its Fixed Rate Bond pays 4.36 per cent on investments of between £10,000 and £500,000. Savers need to ensure that they don't need the funds for the term of the deal as earlier access and further additions are not permitted.
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 Any products featured may be withdrawn by their provider or changed at any time.
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