Although five year bonds offer some of the highest rates in the market, many savers remain wary about locking their money away for a long term.
Those wishing to invest for a short period may be interested in the following bonds, which are all fixed for one year.
Britannia – 1 Year Fixed Rate Bond Issue 195
This account pays 2.81% on maturity. A monthly interest option is also available at 2.78%. Savers can invest between £1,000 and £1 million. Further additions and early access is not allowed. The account is available to savers of all ages and can be operated in branch or by post.
Santander – 1 Year Fixed Rate Bond
Santander's one year bond pays 2.80% on maturity. A monthly interest option is also available at 2.76%. Investments range between £1 and £2 million. Further additions and early access are not permitted. The account is available to savers of all ages and can be operated in branch, by telephone or online.
Post Office – Online Bond
Post Office's latest online only one year bond pays 2.80% on maturity. Savers can also choose the monthly interest option which pays 2.77%. Investments range between £500 and £2 million, although further additions are not allowed. Funds can be accessed early on closure only, subject to 90 days loss of interest. The account is available to savers aged 18 and over.
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