Many experts have predicted a rise in interest rates around the end of next year. However, some savers are adopting a cautious approach when locking their money away. Those looking to do so for a short period of time can achieve some good returns at present.
Here is a selection of the current best savings rates fixed for six months.
Leeds Building Society – Fixed Rate Postal Bond
This account pays 2.50% on maturity. Savers can invest between £1,000 and £1m and further additions can be made whilst the issue remains open. Funds can be accessed without advance notice or penalty. The account can be operated by post only by savers of all ages.
Bank of Cyprus UK – Bank of Cyprus UK Bond 115
This bond pays 2.00% on maturity. Investments range between £1 and £1m and 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 post, telephone or online.
Norwich & Peterborough Building Society – Fixed Rate Bond
The Fixed Rate Bond account from Norwich & Peterborough Building Society pays 1.74% on maturity. A monthly interest option is also available at the same rate. 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, by post or 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 Any products featured may be withdrawn by their provider or changed at any time.
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