1 Year Bonds

1 Year Bonds1 Year Bonds

1 Year Bonds are a good way of saving money. They carry a fixed rate for a year, and usually have restricted access for that period, allowing the cash to grow and produce good returns at the end of the term. Features of 1 year bonds:

  • Minimum deposit – usually £2,000
  • Fixed rate for one year
  • Guaranteed return
  • Interest paid monthly or annually

Some banks and building societies will allow emergency withdrawals from 1 year bonds, but there will more than likely be a charge attached.

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