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Product focus: One year fixed rate bonds

Product focus: One year fixed rate bonds

Category: Savings

Updated: 07/01/2011
First Published: 05/11/2010

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 It is now over 6 months old so the content may be out of date.

Product focus: One year fixed rate bonds

Many savers prefer to invest their money in a fixed rate savings account as they offer a guaranteed return. Here's a selection of some of the best one year fixed rate bonds available at present.

Marks and Spencer Money – 1 Yr Fixed Rate Savings Issue 11

This bond pays a rate of 3.00% on maturity. Savers can invest between £500 and £1m, but once opened, further additions are not permitted. Earlier access is available on closure, but will be subject to a £50 charge. This account is available to savers aged 16 and over and can be operated by post or telephone. Applications are also accepted online.

Post Office – Online Bond Issue 2

The Post Office online bond pays 3.00% on maturity, with a monthly interest option also available at 2.96%. Savers can invest between £500 and £2m, but further additions and early access to this bond are not permitted. Any early withdrawals will be subject to a 90 day loss in interest. This bond is available to anyone 18 years and over and can only be operated online.

Britannia – 1 Yr fixed Rate Bond Issue 197

On maturity this bond pays 3.00%, while a monthly interest is also an option at 2.96%. Savers can invest between £1,000 and £1m, but no early access or additions are permitted. This is available to all savers of all ages and can be operated in branch or by post.

*Product and rate information and availability is correct as of the date of publication (shown at the top of the article). Products may be withdrawn by their provider or changed at anytime.

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 Any products featured may be withdrawn by their provider or changed at any time.

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