Product focus: One year bonds - Savings - News - Moneyfacts

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: One year bonds

Product focus: One year bonds

Category: Savings

Updated: 01/09/2010
First Published: 01/09/2010

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 It is now over 6 months old so the content may be out of date.

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.

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 Any products featured may be withdrawn by their provider or changed at any time.

Related Articles

Just 44 savings accounts beat inflation

Inflation recorded another large jump during December, and predictably, this has had a devastating impact on the number of savings accounts that beat it, so much so that you’ll need to lock your money away if you want an inflation-beating return.

Just 47% have money in a savings account

We’re often told of the importance of saving, yet unfortunately, the message doesn’t always get through. Indeed, research shows that just 47% of those surveyed have money in a savings account, and 17% have no savings or investment whatsoever.

How much will you save this year?

Many of us have set savings goals for the year ahead, and planning to budget better and save more will be at the top of many financial resolution lists. But how much are you hoping to squirrel away? Encouragingly, many people have impressive targets.
 
Close