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Product focus: Long term bonds

Product focus: Long term bonds

Category: Savings

Updated: 23/07/2010
First Published: 23/07/2010

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 It is now over 6 months old so the content may be out of date.
Despite the majority of savers opting for short term bonds, there are still some who wish to invest their money over a longer period, mainly because these deals offer a higher rate.

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

Aldermore – 4 Year Fixed Rate Account

This account pays 4.25% on its anniversary. A monthly interest option is available at 4.17%. Savers can invest between £1,000 and £1 million. Further additions and early access are not allowed. The account is available to savers aged 18 and over and can be operated by post, telephone and online.

Birmingham Midshires – 4 Year Fixed Rate

This bond from Birmingham Midshires pays 4.15% on its anniversary. A monthly interest option is available at a rate of 4.07%. Investments range between £1 and £10m and further additions can be made while the issue is open. Must be new money to the institution. Early access is allowed, subject to penalty, depending on the outstanding term as follows: Up to four years, 320 days; up to three years, 270 days; up to two years, 180 days and for one year or less, 90 days. The account is available to savers of all ages and can be operated by post only.

Nationwide Building Society – 4 Year Fixed Rate Bond

Nationwide's four year bond pays an annual rate of 4.15%. A monthly interest option is also available at 4.05%. Savers can invest between £1 and £2 million. Further additions are not allowed. Early access is allowed on account closure only, subject to 320 days loss of interest. The account is available to savers aged seven and over and can be operated in branch 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 Any products featured may be withdrawn by their provider or changed at any time.

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