Advertisement:

News Centre

| More

Product focus: Fixed rate savings

Product focus: Fixed rate savings

Category: Savings
Date: 7/30/2010

Savers who wish to invest their money over a long term period can enjoy some of the best rates in the market at the moment. Some fixed rate bonds allow early access to funds, however, this is often subject to penalty such as loss of interest. Here is a selection of the current top five year fixed rate bonds.

AA –Five Year Fixed Rate Savings

This account pays 4.55pc on its anniversary. A monthly interest option is available at 4.46pc. Savers can invest between £1 and £5m and further additions can be made whilst the issue remains open. Early access is allowed, subject to penalty depending on the outstanding term as follows: One year or less, 90 days; one to two years, 180 days; two to three years, 270 days; three to four years, 320 days and four to five years, 365 days. The account can be operated by savers aged 18 and over by post only.

Principality Building Society – Fixed Rate Bond 176

This account from Principality Building Society pays 4.25pc on its anniversary. A monthly interest option is available paying 4.17pc. Savers can invest between £500 and £1m and further additions are allowed whilst the issue remains open. Early access is allowed on closure only, subject to 360 days loss of interest. The account is available to savers of all ages and can be operated in branch and by post.

Northern Rock – Fixed Rate Bond Issue 401

Northern Rock's five year bond pays an annual rate of 4.25pc. A monthly interest option is available at 3.95pc. Savers can invest between £1 and £2m and further additions can be made whilst the issue remains open. Early access is not permitted. 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

What Next?

Compare Savings AccountsCompare Savings Accounts
Moneyfacts Best Buys show the best savings accounts in the market right now.


Read our Savings GuidesRead our Savings Guides
Our comprehensive savings guides will help you decide whihc type of account is right for you.


Related Articles

Product focus: Regular savings accounts

Regular savings accounts pay some of the best rates in the market.

first direct ups its short term savings game

first direct has upped its short term savings game by increasing the rate paid on its one year bond.

Birmingham Midshires launches internet bond

Birmingham Midshires has launched a new two year bond that will appeal to web savvy savers.