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Product Focus: Fixed Rate Bonds

Product Focus: Fixed Rate Bonds

Category: Savings

Updated: 26/01/2010
First Published: 02/06/2009

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 It is now over 6 months old so the content may be out of date.
If you are prepared to lock your money away, fixed rate bonds continue to offer the best rate of investment for your money. While the best rates can be found for committing funds for five years, there are still competitive deals for those looking for a shorter terms.

Skipton Building Society – Online Limited Edition Fixed Rate Bond Issue 2

The Online Limited Edition Fixed Rate Bond from Skipton Building Society matures on 28 February 2010 and pays 3.85pc on maturity. Savers looking for a regular income can opt for monthly interest at a rate of 3.75pc. Between £500 and £1m can be invested into the bond, with further additions permitted whilst the bond remains open, but once committed, funds can not be accessed until maturity.

AA – Internet 16 Month Fixed Rate Bond

The AA is paying 4.05pc on maturity on its Internet 16 Month Fixed Rate Bond. Those looking for monthly income can get a rate of 3.98pc. Savers can invest between £500 and £5m into the bond and further additions are permitted whilst the bond remains open. Early access is not permitted, so savers need to ensure they won't need the money before committing.

National Counties BS – 35th Issue Savings Bond

The 35th Issue Savings Bond from National Counties BS is paying 3.91pc on investments of £20,000 to £150,000. A monthly interest option is available at a rate of 3.84pc. The account can be operated in branch, online, by post or telephone, but once opened, further additions and access are not permitted during the one year term.

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 Any products featured may be withdrawn by their provider or changed at any time.

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