For cautious savers who have a sizeable amount of money to lock away, one year fixed rate bonds may be the best option. It is always important to remember when the term of the deal ends, as funds will need to be transferred across to another account. Here are the current top three one year bonds. None of them allow further additions once the account has been opened.
Abbey – Super Bond Issue 14
For deposits of between £1 and £249,999, this account pays a rate of 5.00pc on maturity. For deposits of between £250,000 and £2m, a higher rate of 6.00pc is paid on maturity. A monthly interest option is also available at 4.89pc and 5.84pc with the same tiers. Early access to funds without penalty is on account closure only. Savers must be aged 18 and over and open or hold an existing Abbey savings and invest an equal amount in a qualifying investment product. The account can be operated in branch only.
State Bank of India – Hi Return Fixed Deposit
Compare short term fixed rate bonds
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 Any products featured may be withdrawn by their provider or changed at any time.
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