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Top 5 one-year fixed rate bonds

Top 5 one-year fixed rate bonds

Category: Savings

Updated: 09/05/2013
First Published: 09/05/2013

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 It is now over 6 months old so the content may be out of date.

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.

Here are the best one year bonds:



Shawbrook Bank
1 Year Fixed Rate Bond Issue 9

2.15% AER/gross
  • Investments between £5,000 and £2 million
  • Further additions can be made whilst issue is open
  • Early access not permitted
  • Can be operated by post or telephone

Penny saysPenny 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

2.15% AER/gross
  • Minimum investment of £25,000
  • Further additions and early access not permitted
  • Can be operated by post, telephone or online

Penny saysPenny 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)

2.10% AER/gross
  • Monthly interest paid at 2.08% gross
  • Investments between £1,000 and £1 million
  • Further additions not permitted
  • Early access allowed, subject to 180 days' loss of interest
  • Can be operated in branch or by post
  • Can be opened in branch, by post or online

Penny saysPenny 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"Funds can be withdrawn during the term, although this is subject to penalty."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

2.05% AER/gross
  • Monthly interest paid at 2.03% gross
  • Investments between £500 and £1 million
  • Further additions can be made whilst issue is open
  • Early access not permitted
  • Can be operated online only

Penny saysPenny 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

2.00% AER/gross
  • Monthly interest paid at 1.98% gross
  • Investments between £500 and £2 million
  • Further additions can be made whilst issue is open
  • Early access not permitted
  • Can be operated in branch or by post
  • Can be opened in branch, by post or online

Penny saysPenny 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

What next?

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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