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Product focus: Fixed rate bonds

Product focus: Fixed rate bonds

Category: Savings

Updated: 10/05/2011
First Published: 10/05/2011

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 It is now over 6 months old so the content may be out of date.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 pay some of the best rates in the savings market. Before opening one of these accounts, however, investors must check that they are willing to lock money away for the specific term. Here is a selection of the some of the best fixed rate bonds with terms of one, two and five years.

FirstSave - 1 Year Fixed Rate Bond 15th Issue

This one year bond pays a rate of 3.50% on maturity. Savers can invest between £1,000 and £2 million, although a minimum deposit of £5,000 applies to those who choose the monthly interest option at 3.44%. Further additions and early access are not allowed. The account is available to savers aged 18 and over and can be operated online only. Apply Now

Secure Trust Bank - Fixed Rate Bond 2 Year Term Series 1

This two year fixed rate deal pays an annual rate of 4.01%. Savers can invest between £1,000 and £1 million and further additions can be made whilst the issue remains open. Early access is not allowed. The account can be operated by post and telephone by savers aged 18 and over.

Birmingham Midshires - Internet 5 Year Fixed Rate Bond

This online only five year fixed rate deal pays 5.05% on its anniversary. Savers can invest between £1 and £10 million and further additions can be made whilst the issue remains open. Early access is permitted subject to penalty, depending on the remaining term as follows: Up to five years, 365 days; three to four years, 320 days; two to three years, 270 days; one to two years, 180 days; one year or less, 90 days. The account can be operated by savers aged 18 and over. Apply Now

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 Any products featured may be withdrawn by their provider or changed at any time.

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