Some savers, particularly older ones, rely on the interest from their savings to supplement their income. For them, finding an account paying a competitive rate of interest and offering monthly interest is vitally important. Here are some of the best deals available.
Skipton Building Society – Fixed Rate Bond
Skipton Building Society is offering a rate of 5.25pc on its Fixed Rate Bond that matures 30th November 2014. Savers can invest between £500 and £1m into the account, which can be operated in branch, online or by post. Further additions can be made into the bond whilst the issue remains open, but no access to funds is available during the term.
Barnsley Building Society – Online Bond
Barnsley Building Society is paying a rate of 4.70pc on its Online Bond. Savers can invest between £100 and £2m into the bond, which matures on 30th April 2013. Savers can make further additions into the bond whilst the issue remains open, but earlier access to funds is not permitted.
Coventry Building Society – Poppy Bond
Savers looking to commit funds for two years are being offered a rate of 4.22pc from Coventry Building Society on its Poppy Bond. Between £500 and £250,000 can be invested in the bond, with Coventry Building Society donating 0.20pc of all balances in the bonds to the Royal British Legion for its Poppy Appeal. Further additions can be made into the bond whilst the issue remains open, but access to funds are not available before the bond maturity date of 31st December 2011.
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 Any products featured may be withdrawn by their provider or changed at any time.
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