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

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Product focus: Short-term bonds

Product focus: Short-term bonds

Category: Savings

Updated: 01/11/2011
First Published: 01/11/2011

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 It is now over 6 months old so the content may be out of date.
Short-term fixed rate bonds may be suited to savers who wish to lock funds away for a year, rather than a long period.

While they do not offer such generous rates as their long-term counterparts, there are a number of short-term bonds that still pay a cracking level of interest on funds.

Here is a selection of some of the best one year fixed rate bonds available at present.

Dunfermline BS - Fixed Rate Bond Issue 108

  • This one year bond pays an annual rate of 3.55%.
  • A monthly interest option is available at 3.45%.
  • Savers can invest between £1,000 and £1 million and further additions can be made whilst the issue remains open.
  • Early access is not permitted.
  • The account can be operated by investors aged 16 and over in branch, by post and telephone.

Derbyshire BS - Fixed Rate Bond Issue 237

  • This bond from Derbyshire Building Society pays a yearly rate of 3.55%.
  • Savers can also choose to receive interest monthly at a lower rate of 3.45%.
  • Investments range between £100 and £1 million and 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 in branch, by post or online.

Cheshire BS - 1 Year Fixed Rate Bond

  • This one year bond pays a rate of 3.55% on maturity.
  • A monthly interest option is also available at 3.45%.
  • Savers can invest between £100 and £2 million.
  • Further additions can be made whilst the issue remains open, although early access to funds is not allowed.
  • The account is available to savers aged 18 and over and can be operated in branch and by post.
Find the best savings accounts for you - Compare 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 Any products featured may be withdrawn by their provider or changed at any time.

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