Figures released by National Savings & Investments has shown around half of people are now committed to a monthly savings habit. An increase in the number of people putting money aside from their monthly income suggests a change in attitudes towards savings. However, there is little doubt that continued financial uncertainty plays a part in the type of savings account in which people feel most confident investing their money, with many preferring short term fixed rate deals. Here is a selection of six month fixed rate bonds currently available.
Principality Building Society – 6 Month Fixed Rate Bond 170
This account pays 2.00% on maturity. A monthly interest option is available at 1.99%. Savers can invest between £500 and £1m and further additions are allowed whilst the issue is 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 1.94% on maturity. A monthly interest option is also available paying a rate of 1.93%. Investments for this six month bond range between £1,000 and £1m. Further additions and early access are not allowed. Savers of all ages can operate this account, in branch, by post or online.
Halifax– Guaranteed Reserve
The Guaranteed Reserve bond pays 1.00% on maturity. Savers can invest between £500 and £9m. Interest on deposits of £50,000 and over is paid in gross. Early closure of this account 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.
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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 Any products featured may be withdrawn by their provider or changed at any time.
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