Product focus: Two year fixed rate bonds - Savings - News - Moneyfacts

News

Moneyfacts.co.uk News brings you the latest financial & economic news & reviews of the best products in the UK by our team of money experts.

Product focus: Two year fixed rate bonds

Product focus: Two year fixed rate bonds

Category: Savings

Updated: 25/08/2010
First Published: 25/08/2010

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 It is now over 6 months old so the content may be out of date.

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.

Find the best savings rates for you - Compare savings accounts

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 Any products featured may be withdrawn by their provider or changed at any time.

Related Articles

Just 44 savings accounts beat inflation

Inflation recorded another large jump during December, and predictably, this has had a devastating impact on the number of savings accounts that beat it, so much so that you’ll need to lock your money away if you want an inflation-beating return.

Just 47% have money in a savings account

We’re often told of the importance of saving, yet unfortunately, the message doesn’t always get through. Indeed, research shows that just 47% of those surveyed have money in a savings account, and 17% have no savings or investment whatsoever.

How much will you save this year?

Many of us have set savings goals for the year ahead, and planning to budget better and save more will be at the top of many financial resolution lists. But how much are you hoping to squirrel away? Encouragingly, many people have impressive targets.
 
Close