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 Any products featured may be withdrawn by their provider or changed at any time.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