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

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Product focus: Six month fixed rate bonds

Product focus: Six month fixed rate bonds

Category: Savings

Updated: 14/04/2010
First Published: 14/04/2010

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 It is now over 6 months old so the content may be out of date.

Many experts are predicting an increase in the Bank of England base rate towards the latter part of this year. Savers with a cautious approach to investing may be interested in fixed rate bonds with a term of a year or less, as this minimises the risk of being left on a fixed rate when interest rates rise. Here are the current top six month fixed rate bond accounts.

Norwich & Peterborough Building Society – 6 Month E-Bond

The 6 Month E-Bond pays 3.03pc on maturity. Savers can invest between £1,000 and £1m and further additions are not allowed after the initial investment. Early access is also not permitted. Must be new money to the institution. The account can be operated online only and savers must be aged 16 and over, although accounts for under 16s can be opened on a trust basis.

Bank of Cyprus UK – Bank of Cyprus UK Bond 86

This reasonably new account pays 2.30pc on maturity. Between £1 and £10m can be invested and further additions are not allowed after the initial investment. Early access is not allowed. Interest is paid in gross for balances over £50,000. The account is available to savers of all ages and can be operated in branch, by post, by telephone or online.

Principality Building Society – Fixed Rate Bond 164

This account pays a rate of 2.29pc on maturity. A monthly interest option is also available at 2.28pc. Savers can invest between £500 and £1m and further additions are allowed whilst the issue is open. Early access is not permitted. The account can be operated by savers of all ages in branch or by post.

Find the best savings accounts for you - Compare fixed rate bonds

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 Any products featured may be withdrawn by their provider or changed at any time.

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