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: 02/06/2010
First Published: 02/06/2010

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 It is now over 6 months old so the content may be out of date.

Fixed rate bonds can, for some savers, seem like daunting and complicated investments.

They are, however, quite simply a savings account which requires funds to be locked in for a set period of time without.

The rate is fixed, so the return at the end of the term is guaranteed.

Here is a selection of the current best one year accounts which require a minimum initial investment of £500 or less.

Post Office – Growth Bond Issue 12

This account pays 3.00% on maturity. Savers can invest between £500 and £1 million. Further additions or early access are not allowed. The account is available to savers of all ages and can be operated by post, telephone or online.

Barnsley Building Society – 1 Year Fixed Rate Bond

This brand new bond from Barnsley Building Society pays an annual rate of 3.00%. A monthly interest option is available at 2.96%. No interest is paid until 31st July 2011. Savers can invest between £100 and £1 million and further additions can be made whilst the issue is open. Early access is not permitted. On maturity the rate will transfer to the Falcon Instant account. The account is available to savers aged 16 and over and can be operated by post and telephone.

Northern Rock – Fixed Rate Bond Issue 393

This account pays an annual rate of 2.90%. A monthly interest option is available at 2.60%. Savers can invest between £1 and £2 million and further additions are allowed whilst the issue is open. No early access is allowed. The account can be operated by savers of all ages by post only.

Find the best savings rates for you - Compare savings accounts

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 Any products featured may be withdrawn by their provider or changed at any time.

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