Product focus: Short term bonds - Savings - News - Moneyfacts

News

Product focus: Short term bonds

Product focus: Short term bonds

Category: Savings

Updated: 18/08/2010
First Published: 18/08/2010

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 It is now over 6 months old so the content may be out of date.

Minutes from the Monetary Policy Committee's meeting two weeks ago have shown that only one of the nine members voted in favour of an interest rate increase.

Many experts believe it will be a least another year until we see members voting unanimously for an increase in bank base rate. Savers looking to set aside money in the meantime may be interested in a short term bond.

Here is a selection of the current best short term bonds offered by familiar high street institutions.

Santander15 Month Fixed Rate Bond

This bond pays an annual rate of 3.00% on 1st December 2011. A monthly interest option is available at 2.96%. Savers can invest between £1 and £2 million. Early access and further additions are not allowed. The account is available to savers of all ages and can be operated in branch, by post, telephone or online.

Northern Rock – Fixed Rate Bond Issue 405

This account pays 3.00% on 1st September 2011. A monthly interest option is also available at 2.70%. Investments range between £1 and £2 million and further additions can be made whilst the issue is open. Early access is not allowed. The account is available to savers of all ages and can be operated by post only.

Britannia – 1 Year Fixed Rate Bond Issue 195

This one year bond pays 2.81% on maturity. A monthly interest option is available at a lower rate of 2.78%. Savers can invest between £1,000 and £1 million. Early access and further additions are not permitted. Savers of all ages can operate the account either in branch or by post.

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 Any products featured may be withdrawn by their provider or changed at any time.

Related Articles

Savings being used as a festive financial buffer

Good news from RCI Bank UK – its latest research shows that many of us are saving more than we were a year ago, but the question is, will you be dipping into that buffer to cover the cost of Christmas?

6 of the best easy access savings accounts

Easy-access savings accounts are as simple as they sound – they allow you to access your money whenever you need it, without having to give advance notice, and they also allow you to pay into them at any time. Here are six of the best.

Start saving for Christmas… 2017!

Christmas is just around the corner and our annual festive splurging is starting to step up, but are you prepared? It may be too late to start saving for this year’s festive spend, but it’s never too early to start for next year’s!
 
Close