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Product focus: One year fixed rate bonds

Product focus: One year fixed rate bonds

Category: Savings

Updated: 04/03/2011
First Published: 04/03/2011

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 It is now over 6 months old so the content may be out of date.

With interest rates set to rise over the coming months, savers looking to lock money away for a fixed period may be concerned as to what the best options are.

Short term bonds allow savers to invest over a year or less with a view to receiving a guaranteed return at the end of the term.

Here is a selection of some of the best one year fixed rate bond accounts.

Aldermore – 1 Year Fixed Rate Account

  • This account pays a rate of 3.45% on maturity.
  • A monthly interest option is also available at 3.40%.
  • Savers can invest between £1,000 and £1m.
  • Early access and further additions are not permitted.
  • The account is available to investors aged 18 and over and can be operated by post, telephone or online.

AA – 1 Year Fixed Rate Savings

  • The one year bond from the AA pays 3.40% on maturity.
  • A monthly interest option is also available at 3.35%.
  • Savers can invest between £1 and £5m and further additions can be made whilst the issue remains open.
  • Early access to funds is not permitted.
  • The account can be operated by post only by savers aged 16 and over.

Cheltenham & Gloucester – 1 Year Fixed Rate Bond Issue 76

  • This account pays an annual rate of 3.35%.
  • A monthly interest option is also available at 3.30%.
  • Investments range between £500 and £3m and further additions can be made whilst the issue is open.
  • Early access is allowed, although this is subject to 120 days' loss of interest.
  • The account is available to savers aged 18 and over and can be operated in branch or by post.
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 Any products featured may be withdrawn by their provider or changed at any time.

 
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