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Product focus: Six month fixed rate bonds

Product focus: Six month fixed rate bonds

Category: Savings

Updated: 10/06/2010
First Published: 10/06/2010

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 It is now over 6 months old so the content may be out of date.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 Government's grim economic forecast and predictions of a double dip recession will have left many savers wondering what the future holds. Concerned savers wishing to take a cautious approach to investing their money and who are willing to lock in funds for a short period of time, may be best suited to fixed rate bonds. Here is a selection of the current best six month fixed rate bonds:

Norwich & Peterborough Building Society – Fixed Rate Bond

This fixed rate bond pays 2.48pc on maturity, with a monthly interest option available at 2.47pc. Savers can invest between £1,000 and £1m, but further additions and early access to the funds are not allowed. The account is available to savers of all ages and can be operated in branch, by post or online.

Nationwide Building Society – 6 Month Fixed Rate Bond

Nationwide's branch based fixed rate bond pays 2.00pc on maturity, with a monthly interest option also available paying 1.95pc. Investments range between £1 and £2m and no further additions are allowed. Early access is permitted on account closure only and is subject to 90 days' loss of interest. The account is open to savers of all ages.

Principality Building Society – 6 Month Fixed Rate Bond 170

This fixed rate bond account pays 2.00pc on maturity, with a monthly interest option available at 1.99pc. Savers can invest between £500 and £1m, while further additions can be made whilst the issue remains open. Early access to the funds is not allowed, while the account is available to savers of all ages and can be operated in branch or by post.

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 Any products featured may be withdrawn by their provider or changed at any time.

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