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

News

Product focus: Short term fixed rate bonds

Product focus: Short term fixed rate bonds

Category: Savings

Updated: 12/05/2011
First Published: 12/05/2011

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 It is now over 6 months old so the content may be out of date.


The Bank of England base rate is now predicted to remain on hold at 0.5% until late 2011. Savers looking to invest in a fixed rate bond may be wise to choose a short term deal, which allows them to lock funds away without running the risk of losing out in the long term when interest rates rise. Here is a selection of some of the best bond rates fixed for six months.



FirstSave - Six Month Fixed Rate Bond 1st Issue



FirstSave's six month bond pays a rate of 3.00% on maturity. Savers can invest between £1,000 and £2 million, although those who choose the monthly interest option at 2.98% must invest a minimum of £5,000. Further additions and early access are not permitted. The account can be operated by savers aged 18 and over online only.



Bank of Cyprus UK - Bank of Cyprus UK Bond 126



This six month bond pays 2.75% on maturity. Between £1 and £1 million can be invested. Further additions and early access is not allowed. The account is available to savers of all ages and can be operated in branch, by post, telephone or online.



Buckinghamshire BS - 31st Issue 6 Month Fixed Rate Bond



This account pays 2.55% on maturity. A monthly interest option is also available at 2.54%. Savers can invest between £1,000 and £250,000 and further additions can be made whilst the issue remains open. Early access is not permitted. The account is available to investors of all ages and can be operated in branch and 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 Any products featured may be withdrawn by their provider or changed at any time.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

6 of the best monthly interest savings accounts

Monthly interest savings accounts pay interest on your savings each month – as opposed to yearly – and therefore allow you to take a regular income from your hard-earned cash.

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.
 
Close