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Product Focus: Fixed Rate Bonds

Product Focus: Fixed Rate Bonds

Category: Savings

Updated: 26/01/2010
First Published: 23/06/2009

This article was correct at the time of publication. It is now over 6 months old so the content may be out of date.
Fixed rate bonds continue to dominate the savings arena accounting for 70 per cent of the product changes seen by Moneyfacts this week. While the highest rates continue to be offered to savers committing funds for longer terms, competitive rates can be found over shorter terms.

Close Brothers – 3 Year Premium Gold

Close Brothers is offering the highest rate on the market paying 4.75 per cent on its 3 Year Premium Gold account. Savers can invest between £10,000 and £10 million into the account, which can be operated by telephone, post or fax. Once opened, further additions and access is not permitted during the term.

Ruffler Bank – Fixed Rate Bond

Savers committing funds for five years can get a rate of 4.52 per cent from Ruffler Bank on its Fixed Rate Bond. The account can be operated by post or fax and savers can invest between £10,000 and £500,000 into the bond. Before committing funds savers need to ensure they wont need the money as access is not permitted during the five year term.

Skipton Building Society – Online Limited Edition Fixed Rate Bond

Skipton Building Society is paying the highest rate for a short term bond offering a rate of 3.85 per cent on its bond which matures on 28 February 2010. Savers can invest between £500 and £1 million into the bond, with further additions permitted whilst the bond remains open. Once open, access is not permissible during the term.

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 Any products featured may be withdrawn by their provider or changed at any time.