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Product focus: One year fixed rate bonds

Product focus: One year fixed rate bonds

Category: Savings

Updated: 13/01/2010
First Published: 13/01/2010

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 It is now over 6 months old so the content may be out of date.

Despite the rise in popularity of the internet, there are still a few savers who prefer to conduct business face to face with a member of staff. For them, there are a wide range of branch only accounts available, offering reasonable rates to suit their needs. Here are the current top three one year fixed rate bonds.

Kent Reliance Building Society – One Year Fixed Rate Savings Issue One

This account pays a rate of 3.00pc on maturity. Savers can invest between £100 and £1m. A monthly interest option is also available at 2.96pc, although a minimum deposit of £10,000 is required. Early access is not allowed. There are no age restrictions for savers wishing to open this account. Further additions are allowed while the issue remains open.

Nationwide Building Society – 1 Year Fixed Rate Bond

The rate for this account is dependent on the amounts invested. For deposits between £1 and £9,999 a rate of 2.75pc is paid, while investments between £10,000 and £2m will receive a rate of 3.00pc. A monthly interest option is also available at 2.70pc and 2.95pc respectively. Early access is allowed on closure only, subject to 90 days' loss of interest. No further additions are allowed while the issue is open. There is no age restriction for savers.

Alliance & Leicester – 1 Year Fixed Rate Bond

This account also pays different rates, depending on the deposit amounts. Savers placing deposits of between £1 and £9,999 will receive a rate of 2.50pc, while for investments between £10,000 and £2m a rate of 3.00pc is paid. A monthly interest option is also available at 2.47pc and 2.96pc respectively. Early access is allowed, subject to 90 days' loss of interest. No further additions are allowed. Savers must be aged 18 and over to operate this account.

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 Any products featured may be withdrawn by their provider or changed at any time.

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