Product focus: Six month bonds - Savings - News - Moneyfacts

News

Product focus: Six month bonds

Product focus: Six month bonds

Category: Savings

Updated: 26/11/2010
First Published: 26/11/2010

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 It is now over 6 months old so the content may be out of date.

The festive season can have a massive impact on our finances, with the average person expected to spend around £500 on presents and entertainment this December.

With so much money going towards gifts and entertainment, this time of year can be a difficult time to save.

To help plan ahead for 2011, it may be worth locking some money into a short term bond.

Here is a selection of the current best six month bonds.

Skipton Building Society – Fixed Rate E-Bond

This account from Skipton Building Society pays 2.50% on maturity. A monthly interest option is also available at 2.47%. Savers can invest between £500 and £1m and further additions can be made whilst the issue remains open. Early access is not allowed. Upon maturity the rate will automatically revert to the My Loyalty Saver. The account is available to savers aged 16 and over and can be operated online only.

Norwich & Peterborough Building Society – Fixed Rate Bond

The Fixed Rate Bond pays 2.24% on maturity. A monthly interest option is also available at 2.23%. Savers can invest between £1,000 and £1m. 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 or online.

Bank of Cyprus UK – Bank of Cyprus UK Bond 115

This account pays 2.00% on maturity. Savers can invest between £1 and £1m and interest will be paid in gross for balances over £50,000. Further additions and early access are not permitted. The account can be operated in branch, by post, telephone or online by savers of all ages.

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 Any products featured may be withdrawn by their provider or changed at any time.

Related Articles

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.

Start saving for Christmas… 2017!

Christmas is just around the corner and our annual festive splurging is starting to step up, but are you prepared? It may be too late to start saving for this year’s festive spend, but it’s never too early to start for next year’s!
 
Close