Many savers prefer to invest their money in a fixed rate account as these offer a guaranteed return.
Here's a selection of some of the best three year fixed rate bonds available at present.
Post Office – Growth Bond Issue 13A
This bond from the Post Office pays a rate of 4.00pc on its anniversary. Savers can invest between £500 and £1m. Early access is available on closure but will be subject to a breakage fee. No further additions are permitted. This account is available to all ages and can be operated online, by post or by telephone.
Northern Rock – E Bond Issue 4
This three year fixed bond pays 4.00pc yearly. A monthly interest option is also available at 3.70pc. Savers can invest between £1 and £250,000. No early access is permitted. Further additions are allowed whilst issue remains open. This bond is available to anyone 16 years and over and can only be operated online.
Bank of Cyprus UK – Bank of Cyprus UK Bond 122
A rate of 3.90pc is paid on the bond's anniversary. Investments range between £1 and £1m. Early access and further additions are not permitted. There is no age limit on this account and it can be operated in branch, by post, 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 Any products featured may be withdrawn by their provider or changed at any time.
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