Many savers prefer to invest their money in a fixed rate account as they offer a guaranteed return.
Although long term deals offer some of the best savings rates in the market, there are plenty of accounts for those looking to lock funds away for a shorter period of time.
Here is a selection of some of the best short term fixed rate bonds.
Northern Rock - Fixed Rate Bond Issue 412
This account pays 3.00% on 1st September 2011. A monthly interest option is available at 2.70%. Savers can invest between £1 and £2 million and further additions can be made whilst the issue remains open. Early access is not allowed. The account can be operated by post only by savers of all ages.
Britannia - 1 Year Fixed Rate Bond Issue 195
This bond from Britannia pays 2.81% on maturity. A monthly interest option is also available at 2.78%. Investments range between £1,000 and £1 million. Further additions and early access are not allowed. The account is available to savers of all ages and can be operated in branch and by post.
Santander– 15 Month Fixed Rate Bond
Santander's newly launched bond pays 2.75% for deposits between £1 and £9,999 and 3.00% for larger deposits between £10,000 and £2 million. Further additions and early access are not permitted. The account is available to savers of all ages and can be operated in branch, by telephone or online.
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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 Any products featured may be withdrawn by their provider or changed at any time.
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