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Product Focus: Fixed Rate Bonds

Product Focus: Fixed Rate Bonds

Category: Savings

Updated: 26/01/2010
First Published: 17/06/2009

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 It is now over 6 months old so the content may be out of date.

Rates on fixed rate bonds have steadily increased over the last few months, with the best deals available for customers committing funds for longer periods. However, many savers may not want to commit funds for longer than a year. Here are some of the best deals available:

Chesham Building Society – One Year Fixed Rate Bond

On 19 June 2009, the Chesham Building Society is launching its One Year Fixed Rate Bond paying 3.95 per cent, the highest rate on the market for a one year bond. Savers can invest between £25,000 and £50,000 into the bond, which matures on 16 July 2010. Once opened, further additions and withdrawals are not permitted during the term.

National Counties Building Society – 35th Issue Savings Bond

The 35th Issue Savings Bond from National Counties Building Society is currently paying 3.91 per cent for customers looking for yearly interest or 3.84 per cent for monthly interest. Savers can invest between £20,000 and £150,000 into the bond, which can be operated in branch or by post or telephone. Before committing funds, savers need to ensure they won't need the money as access and further additions are not permitted during the one year term.

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

Skipton Building Society is currently paying 3.85 per cent on its Online Limited Edition Fixed Rate Bond. Savers looking for a more regular income can opt for monthly interest. Savers can invest between £500 and £1 million into the bond, which matures on 28 February 2010. Further additions are permitted whilst the bond remains open, but access is not available during the term.

Chelsea Building Society – 1 Year summer Fixed rate Bond

Chelsea Building Society has a one year fixed rate bond available at 3.70 per cent to 2 July 2010. Interest is paid annually, but there is also an option for interest to be paid monthly for those who need a regular income. Investments are permitted from £1,000 to £500,000 per saver, with a maximum of two savers. The account is also available as a two and three year fixed option.

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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