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Product focus: Long term bonds

Product focus: Long term bonds

Category: Savings

Updated: 04/06/2010
First Published: 04/06/2010

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 It is now over 6 months old so the content may be out of date.

Over fifteen months have passed since the last base rate change. Despite calls for the Bank of England to increase interest rates to stave off higher inflation, it remains uncertain as to when it will actually happen.

As a result, many savers are choosing to invest their cash in short term bonds, although there are still a number who wish to lock in for a longer period.

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

Barnsley Building Society – 4 Year Online Bond

The 4 Year Online Bond pays a rate of 4.30% on 30 June 2014. A monthly interest option is available at 4.22%. Investments range between £100 and £2 million and further additions can be made whilst the issue is open. Early access is not allowed. The rate will revert to that of the Online Saver rate on maturity. Savers must be aged 16 and over to operate this online only account.

Principality Building Society – Fixed Rate Bond 167

This account pays 4.20% on its anniversary. A monthly interest option is also available at 4.12%. Savers can invest between £500 and £1 million and further additions are allowed whilst the issue remains open. Early access is allowed on account closure only, subject to 300 days' loss of interest. The account is available to savers of all ages and can be operated in branch and by post.

Aldermore – 4 Year Fixed Rate Account

This account pays 4.16% on its anniversary. Investments range between £1,000 and £1 million. A monthly interest option is available at 4.08%. Further additions and early access are not allowed. The account can be operated by savers aged 18 and over by post, telephone and online.

Find the best savings accounts for you - Compare long term 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 Any products featured may be withdrawn by their provider or changed at any time.

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