Locking your money away, even for a short period of time, can be a great way to achieve the most competitive rate of return on your savings.
As with many fixed-rate savings products, these bonds will often prohibit early withdrawals, so you must be willing to tie up your savings for the duration of the term.
With the savings market changing on a regular basis, it is always wise to check out our best buy tables regularly.
Shawbrook Bank 1 Year Fixed Rate Bond Issue 9
Penny says… "Topping the one-year bond market, this deal from Shawbrook Bank should appeal to savers with large deposits of £5,000 and over.
"Further additions can be made, but as with many fixed-rate savings products, funds must remain untouched for the term."
Investec Bank plc 1 Year Fixed Term Deposit
Penny says… "Matching the competitive rate of the market-leader from Shawbrook Bank, this deal requires a minimum investment of £25,000.
"Further additions are not permitted, so savers must invest as much as possible upon opening the account."
krbs 1 Year Fixed Rate Bond (Issue 9)
Penny says… "This attractive one-year bond pays a competitive rate upon maturity and on a monthly basis to savers of all ages.
"Funds can be withdrawn during the term, although this is subject to penalty."
Skipton Building Society 1 Year E-Bond
Penny says… "Savers with lower investments of £500 and over will be pleased with this one-year online bond.
"The option to receive interest on a monthly basis will appeal to those who wish to supplement income with their savings."
Principality Building Society 1 Year Fixed Rate Bond 225
Penny says… "Also requiring a minimum deposit of £500 is this appealing account from Principality Building Society.
"Making it into the top five of the one-year bond market, this deal pays competitive rates of return on its maturity and on a monthly basis." Information & Rates correct as at: 09/05/2013
Compare the best savings rates 1 year fixed rate bonds 2 year fixed rate bonds 3 year fixed rate bonds 4 & 5 year fixed rate bonds
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 Any products featured may be withdrawn by their provider or changed at any time.
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