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Product Focus: Short Term Bonds

Product Focus: Short Term Bonds

Category: Savings

Updated: 21/01/2010
First Published: 13/07/2009

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 It is now over 6 months old so the content may be out of date.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 those in the know offering different opinions on where base rate will go in the coming months and years, it is no real surprise that the man on the street is finding it hard to predict. With such uncertainty, many are looking to commit funds over shorter terms.

Bank of Cyprus UK – Bank of Cyprus UK Bond 58

Savers prepared to commit funds for 15 months are being offered a rate of 4.07 per cent from Bank of Cyprus UK. The account is operated in branch, by post or telephone and comes with no limit on how much can be invested. Once the bond is open, further additions and withdrawals are not permitted during the term of the bond.

Post Office® - One Year Growth Bond Issue 9

The latest issue of the One Year Growth Bond is paying 3.85 per cent, 0.45 per cent higher than the previous issue. Savers can invest between £500 and £1 million into the bond, which can be operated in branch, online, by post or telephone. Savers need to ensure they will not need the funds during the one year term as further additions and earlier access are not permitted.

Skipton Building Society – Limited Edition Fixed Rate Bond

Those looking for an even shorter commitment could consider the Limited Edition Fixed Rate Bond from Skipton Building Society, which matures on 28 February 2010. The account pays 3.50 per cent on maturity, or 3.40 per cent for those requiring monthly income. Savers can invest between £500 and £1 million into the account, with further additions permitted whilst the bond remains open. Once money is invested, access is not permitted during the term of the bond.

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 Any products featured may be withdrawn by their provider or changed at any time.

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