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Barclays fixed rate bonds catch the eye

Barclays fixed rate bonds catch the eye

Category: Savings

Updated: 19/12/2016
First Published: 21/09/2009

This article was correct at the time of publication. It is now over 6 months old so the content may be out of date.

The new range of fixed rate bonds from Barclays Bank should certainly get savers' attention.

Its Five Year Fixed Rate Savings Bond pays 5.25% yearly (5.13% monthly), just below the best rates currently available in the long term fixed rate bond market.

Meanwhile, paying 3.75% yearly (3.69% monthly) and the even better rates of 4.25% (4.17%) for deposits above £40K, the two year version of the bond rests comfortably amongst the top six bonds in its field.

Both products require a minimum £500 investment, with the option to take monthly interest a definite plus.

However, in keeping with the majority of bonds on the market, early access and additions are not allowed, so you'll need to be certain of the funds you can afford to spare at outset.

A rating of four Moneyfacts stars out of five is the well deserved reward.

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 Any products featured may be withdrawn by their provider or changed at any time.