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Product focus: Six month bonds

Product focus: Six month bonds

Category: Savings

Updated: 08/09/2010
First Published: 08/09/2010

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 It is now over 6 months old so the content may be out of date.

This month will mark eighteen months of the Bank of England base rate remaining at 0.5%.

Many experts believe that the Monetary Policy Committee will once again decide to keep interest rates on hold this month, with the next change predicted to be sometime next year.

This forecast has seen many savers locking their money in for a short period, to avoid losing out in the long term, when rates increase.

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

Principality Building Society – 6 Month Fixed Rate Bond 178

This six month bond, recently launched by Principality Building Society, pays 1.75% on maturity. A monthly interest option is available at 1.74%. Savers can invest between £500 and £1m and further additions are allowed whilst the issue remains open. Early access is not permitted. The account is available to savers of all ages and can be operated in branch or by post.

Norwich & Peterborough Building Society – Fixed Rate Bond

The Fixed Rate Bond pays 1.74% on maturity and a monthly interest option is also available at the same rate. Investments range between £1,000 and £1m. Further additions and early access is not allowed. The account can be operated in branch, by post or online by savers of all ages.

HalifaxHalifax Guaranteed Reserve

This six month bond from Halifax pays 1.00% on maturity. Savers can invest between £500 and £9m. Interest on deposits of £50,000 or more is paid in gross. Early account closure is allowed after six months, subject to penalty. The account is available to savers of all ages and can be operated in branch, by telephone 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 Any products featured may be withdrawn by their provider or changed at any time.

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