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Product Focus: Short-term bonds

Product Focus: Short-term bonds

Category: Savings

Updated: 28/11/2011
First Published: 28/11/2011

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 It is now over 6 months old so the content may be out of date.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 bonds are a good option for savers who want to invest for just a short period.

As with most fixed rate products, savers must be prepared to lock their money away for the duration of the term without withdrawing funds.

Here is a selection of some of the current best one year fixed rate bonds.

AA - 1 Year Fixed Rate Savings

  • This one year bond from the AA pays 3.60% on its maturity.
  • Between £1 and £5 million can be invested and further additions can be made whilst the issue is open.
  • Early access to funds is not permitted.
  • The account is available to savers aged 16 and over and can only be operated by post.

FirstSave - 1 Year Fixed Rate Bond 16th Issue

  • FirstSave's one year online bond pays 3.35% on maturity.
  • Savers can invest between £1,000 and £2 million, although those who wish to receive interest monthly will receive a rate of 3.30%.
  • Further additions and early access are not allowed.
  • The account is available to savers aged 18 and over.

Aldermore - 1 Year Fixed Rate Account

  • This account pays a rate of 3.35% on maturity.
  • A monthly interest is also available at 3.30%.
  • Savers can invest between £1,000 and £1 million.
  • Further additions and early access is not permitted.
  • The account is available to savers aged 18 and over and can be operated by post, telephone and online.
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 Any products featured may be withdrawn by their provider or changed at any time.

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