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Product Focus: Fixed Rate Bonds

Product Focus: Fixed Rate Bonds

Category: Savings

Updated: 26/01/2010
First Published: 07/07/2009

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 It is now over 6 months old so the content may be out of date.

The banks and building societies are continuing to offer ever increasing rates of interest on fixed rate bonds. Providers large and small are battling it out to offer the most competitive deal and to attract money from their competitors.

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

Those looking for a short term commitment are being offered a rate of 3.85 per cent on maturity from Skipton Building Society on its Online Limited Edition Fixed Rate Bond. Those looking for a more regular income can opt for monthly interest at a rate of 3.75pc. The bond matures on 28 February 2010 and savers can invest between £500 and £1 million. Further additions are permitted whilst the bond remains open, but access is available on maturity only.

Newcastle Building Society – Fixed Postal Bond (Issue 5)

Newcastle Building Society is paying 4.50 per cent on its Fixed Postal Bond, which matures on 3 August 2011. Savers can invest between £5,000 and £500,000 into the bond, which offers the option of monthly interest. Savers can make further additions to the bond whilst it remains open, but access to funds is not permitted during the term.

Barnsley Building Society – Online Bond

Those that are prepared to commit funds for a longer period can get a rate of 5.10 per cent from Barnsley Building Society. Its Online Bond matures on 31 August 2014 and savers can invest between £100 and £500,000. No access to funds are available during the term, but further additions are permitted whilst the bond remains open.

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 Any products featured may be withdrawn by their provider or changed at any time.

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