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Product focus: Long term fixed rate bonds

Product focus: Long term fixed rate bonds

Category: Savings

Updated: 26/02/2010
First Published: 26/02/2010

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 It is now over 6 months old so the content may be out of date.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 can expect to receive a higher rate of return for locking their money away for a longer, fixed period of time.

Providers have launched a range of accounts over the past few weeks for savers looking to invest a sizeable amount over five years.

Here are the current top three which require a minimum deposit of £500 or less.

Progressive Building Society – Limited Issue Five Year Fixed Term Bond Issue 11



This account pays an annual rate of 5.00%. Savers can invest between £500 and £1 million and further additions are allowed while the issue is open. Early access is not allowed. The account can be operated by savers of all ages in branch, or by post.

Principality Building Society – Fixed Rate Bond 161



Principality Building Society's five year bond pays a rate of 4.80% on its anniversary. Investments range between £500 and £1 million 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 can be operated in branch and by post and there are no age restrictions for savers.

Nationwide Building Society – 5 Year Fixed Rate Bond



The rate for this account is dependent on the deposit amounts. For investments between £1 and £9,999 a rate of 4.75% is paid; £10,000 to £24,999, 4.80%; £25,000 to £49,999, 4.90% and £50,000 to £2 million, 5.00%. No further additions are allowed. Early access is allowed on account closure only, subject to 365 day's loss of interest. The minimum age for savers is 7 years and the account can be operated in branch only.

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 Any products featured may be withdrawn by their provider or changed at any time.

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