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Product focus: Long term fixed rate bonds

Product focus: Long term fixed rate bonds

Category: Savings

Updated: 25/06/2010
First Published: 25/06/2010

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 It is now over 6 months old so the content may be out of date.

Despite a rise in the number of savers choosing the internet to conduct their finances, there are still some who prefer traditional branch based savings accounts which they believe they offer a personal, one to one service. Here is a selection of the current best long term fixed rate bonds offered by building societies.

Progressive Building Society – Limited Issue Five Year Fixed Term Bond Issue 15

This account pays an annual rate of 4.30pc. Savers can invest between £500 and £1m, although those opting for the monthly interest option at 4.15pc will need to make a minimum deposit of £5,000. Further additions can be made whilst the issue remains open but early access is not allowed. The account can be operated by savers of all ages in branch or by post.

Nationwide Building Society – 5 Year Fixed Rate Bond

Nationwide's branch based five year bond pays an annual rate of 4.25pc, with a monthly interest option available at 4.25pc. Savers can invest between £1 and £2m but no further additions are allowed. Early access is permitted on account closure only, subject to 365 days loss of interest. The account is available to savers aged 7 years or over.

Norwich & Peterborough Building Society – Fixed Rate Bond

This account pays an annual rate of 4.00pc, while a monthly interest option is available at 3.93pc. Savers can invest between £1,000 and £1m. Further additions are not allowed and early access is permitted 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, by post or online.

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 Any products featured may be withdrawn by their provider or changed at any time.

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