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Product focus: Short term fixed rate bonds

Product focus: Short term fixed rate bonds

Category: Savings

Updated: 07/01/2011
First Published: 29/11/2010

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 It is now over 6 months old so the content may be out of date.

Savers looking to invest over a short term have plenty of deals to choose from at the moment, thanks to an increase in activity in the bond market. Fixed rate bonds should suit customers who do not need to access their money at short notice and who prefer to have a guaranteed return at the end of the term. Here is a selection of some of the best short term fixed rate bonds.

Bank of Cyprus UK – Bank of Cyprus UK Bond 118

This bond, fixed for fifteen months, pays 3.16% on maturity. Savers can invest between £1 and £1m. Interest is paid in gross for balances over £50,000. Further additions and early access are not allowed. The account is available to savers of all ages and can be operated in branch, by telephone, post or online.

Northern Rock – E Bond Issue 3

This latest online only deal from Northern Rock pays an annual rate of 3.15%. A monthly interest option is also available at 2.85%. Investments range between £1 and £250,000 and further additions can be made whilst the issue remains open. Early access is not permitted. Savers must be aged 16 and over to operate this account.

Coventry Building Society – Fixed Bond (122) 31.12.11

This account pays an annual rate of 3.11%. A monthly interest option is also available at 3.07%. Savers can invest between £1 and £250,000. Further additions can be made whilst the issue remains open or for seven days after the initial deposit has been made. The account is available to savers aged 16 and over 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 Any products featured may be withdrawn by their provider or changed at any time.

 
 
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