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Product focus: fixed rate bonds

Product focus: fixed rate bonds

Category: Savings

Updated: 30/06/2010
First Published: 30/06/2010

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 It is now over 6 months old so the content may be out of date.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 bond accounts remain one of the best options for savers who want to lock money away for a set period, with a view to receiving a guaranteed return.

Here is a selection of the current best one year fixed rate bonds.

ICICI Bank UK – HiSAVE Fixed Rate Account

This online only account pays a recently revised rate of 3.10% on its anniversary. A monthly interest option is also available at 3.06%. Savers can invest a minimum of £1,000 although there is no maximum limit. Early access and further additions are not allowed. A HiSAVE savings account will be automatically opened for the administration of maturity proceeds. The account can be operated by savers aged 18 and over.

Barnsley Building Society – 1 Year Fixed Rate Bond

This account pays an annual rate of 3.00% on 31st July 2011. A monthly interest option is available at 2.96%. Investments range between £100 and £1 million and further additions can be made whilst the issue is open. Early access is not allowed. On maturity the account will revert to the Falcon Instant account. Savers must be aged 16 and over and the account can be operated by post or telephone.

Northern Bank – Fixed Rate Bond Issue 394

Northern Rock's one year fixed bond pays an annual rate of 3.00%. A monthly interest rate of 2.70% is also available. Savers can invest between £1 and £2 million and further additions can be made whilst the issue is open. Early access is not allowed. The account is available to savers of all ages and can be operated 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 Any products featured may be withdrawn by their provider or changed at any time.

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