A wide range of products are available for savers wishing to lock cash away for a short period.
A growing number of savers are choosing short term bonds of around six to twelve months, rather than long term deals, to avoid the problem of remaining on a fixed rate when interest rates increase.
Here is a selection of the current best six month fixed rate bonds.
Leeds Building Society – Fixed Rate Postal Bond
This new bond from Leeds Building Society pays 2.50% on maturity. Savers can invest between £1,000 and £1 million and further additions can be made whilst the issue remains open. Funds can be accessed without advance notice or penalty. The account is available to savers of all ages and can be operated by post only.
Principality Building Society – 6 Month Fixed Rate Bond 178
This bond pays 1.75% on maturity. Savers can also choose the monthly interest option at 1.74%. Investments range between £500 and £1 million and further additions are allowed whilst the issue is open. Early access is not permitted. The account can be operated in branch or by post by savers of all ages.
Norwich & Peterborough Building Society – Fixed Rate Bond
The Fixed Rate Bond pays 1.74% on maturity. A monthly interest option is available also paying 1.74%. Investments range between £1,000 and £1 million. 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 and 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 Any products featured may be withdrawn by their provider or changed at any time.
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