Product focus: Three year fixed rate bonds

Category: Savings
Date: 7/16/2010

The highest cash savings rates on the market require savers to invest their money for five years, but for many, this is too long a commitment. Savers can still achieve an attractive rate of interest if they look to invest their money for three years. Some of the best three year fixed rate bonds available at the moment include:

ICICI Bank UK – HiSAVE Fixed Rate

The highest rate on the market for a three year commitment is being offered by ICICI Bank UK on its HiSAVE Fixed Rate Account. The account pays 4.15pc and savers can invest upwards of £1,000. For savers searching for a regular income, a monthly interest option is available. Once opened, earlier access and further additions are not permitted.

Yorkshire Building Society – Fixed Rate Bond

Yorkshire Building Society is offering a rate of 4.11pc to savers who invest between £100 and £2m. Further additions are permitted whilst the issue remains open. The account matures on 31 August 2013 and earlier access is not permitted.

Cheshire Building Society – 3 Year Fixed Rate Bond

Cheshire Building Society has just launched its new 3 Year Fixed Rate Bond paying 4.10pc. Savers can invest between £100 and £2m into the bond, which offers a monthly interest option for savers requiring an income. Further additions are permitted whilst the issue remains open, but earlier access is not available.

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