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Product focus: Short term fixed rate bonds

Product focus: Short term fixed rate bonds

Category: Savings

Updated: 18/10/2010
First Published: 15/09/2010

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 It is now over 6 months old so the content may be out of date.

Over recent years, a host of new names have emerged onto the retail banking savings market. Despite these providers offering great rates, many people prefer to bank with a familiar high street name. Here is a selection of the current best short term fixed rate bonds offered by some of the more well-known providers.

Britannia – One Year Fixed Rate Bond Issue 195

This one year bond pays 2.81% on maturity. A monthly interest option is available at 2.78%. Savers can invest between £1,000 and £1m. 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.

Post Office – Online Bond

The Post Office's Online Bond pays 2.80% on maturity. Savers can also opt for the monthly interest option which pays 2.77%. Investments for this one year bond range between £500 and £2m. Further additions are not allowed. Funds can be accessed early on closure only, subject to 90 days loss of interest. The account can be operated online only by savers aged 18 and over.

Santander – 15 Month Fixed Rate Bond

The rate for this bond is split by how much savers invest. Investments between £1 and £9,999 will receive a rate of 2.75%, while 3.00% is paid for deposits of between £10,000 and £2m. A monthly interest option is also available at 2.72% and 2.96% determined by the same tiers. 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 and online.

Find the best savings rates for you - Compare savings accounts

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 Any products featured may be withdrawn by their provider or changed at any time.

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