Product focus: Long term fixed rate bonds - Savings - News | moneyfacts.co.uk

News

Moneyfacts.co.uk News brings you the latest financial & economic news & reviews of the best products in the UK by our team of money experts.

Product focus: Long term fixed rate bonds

Product focus: Long term fixed rate bonds

Category: Savings

Updated: 26/03/2010
First Published: 26/03/2010

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 It is now over 6 months old so the content may be out of date.

Long term fixed rate bonds pay some of the highest rates of return in the savings market, many over 4.00pc. Reward tends to be high for these accounts as savers must be willing to lock cash away for around four to five years. Penalties for accessing funds early can range from loss of interest to account closure. Here are the current top five year products.

Principality Building Society – Fixed Rate Bond 161

This account pays a rate of 4.80pc on its anniversary. Savers can invest between £500 and £1m and further additions are allowed while the issue is open. Early access is allowed on account 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.

Aldermore – 5 Year Fixed Rate Account

Aldermore's five year bond pays a rate of 4.80pc on its anniversary. Investments range between £1,000 and £1m. Further additions and early access are not permitted. Savers must be aged 18 and over. The account can be operated by post, telephone or online.

Barnsley Building Society – Online Bond

This account pays an annual rate of 4.70pc. Investments of between £100 and £2m can be made and further additions are allowed while the issue is open. No early access is allowed. On maturity the account transfers to the Online Saver account. Savers must be aged 16 and over and, as the name suggests, can be operated online only.

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 Any products featured may be withdrawn by their provider or changed at any time.

 
 
Close