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Product focus: Long term fixed rate bonds

Product focus: Long term fixed rate bonds

Category: Savings

Updated: 19/03/2010
First Published: 19/03/2010

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 It is now over 6 months old so the content may be out of date.

Savers who are willing to lock in funds for at least four to five years can expect to receive a higher rate of return.

This comes, however, with the risk of being tied to a fixed rate as interest rates increase during the term.

Here are the current top four year fixed rate bonds.

ICICI Bank UK – HiSAVE Fixed Rate Account


This online only account pays a rate of 4.50% on its anniversary. A monthly interest option is also available at 4.41%. A minimum deposit of £1,000 is required. Further additions and early access are not allowed. A HiSAVE savings account will automatically be opened for administration of maturity proceeds. Savers must be aged 18 and over to operate this account.

Aldermore – 4 Year Fixed Rate Account


Aldermore's four year fixed rate bond pays a rate of 4.16% on its anniversary. A monthly interest option is also available at a lower rate of 4.08%. Savers can invest between £1,000 and £1 million. Further additions and early access is not allowed. The account can be operated by savers aged 18 and over by post, telephone and online.

Julian Hodge Bank – Capital Millennium Bond


This account pays a rate of 4.15% on its anniversary. A monthly interest option is available at a lower rate of 4.07%. Savers can invest between £1,000 and £1 million. Further additions and early access are not allowed. The account can be operated by post only by savers of all ages.

Find the best savings accounts for you - Compare long term fixed rate bonds

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 Any products featured may be withdrawn by their provider or changed at any time.

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