Research conducted by Moneyfacts.co.uk has shown that the average one year fixed rate bond has fallen from 3.07% in January to 2.57% today. The average five year fixed rate bond has also fallen over the same period, from 4.56% to 4.07%. While savers have borne the brunt of a Bank base rate at its historical low for an extended period of time, there are still some attractive deals available to those looking to lock funds away for two years. Here is a selection of the current best two year fixed rate bonds.
Coventry BS – Two Year Fixed Bond
Paying 3.70% per annum, this account allows savers to invest between £1 and £250K. Further additions are allowed, but early access is not. The account is available to savers of all ages and can be operated by post, telephone or online. Savers can also apply for the account in branch if they wish.
Cheshire Building Society – Two Year Fixed Rate Bond Issue 25
This product from Cheshire Building Society pays 3.60% on its anniversary. A monthly interest option is available at 3.54%. Investments range between £100 and £2m and further additions can be made whilst the issue remains open. Early access is not allowed. The account is available to savers of all ages and can be operated in branch, by post or online.
Santander – Two Year Fixed Rate Bond
This account pays a rate of 3.20p% on an annual basis. Savers can invest between £100 and £1m and further additions can be made whilst the issue is open. Savers must be aged 16 years and over to operate the account in branch or by post.
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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 Any products featured may be withdrawn by their provider or changed at any time.
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