6 Month Fixed Rate Bonds

A 6 month fixed rate bond is ideally suited for those of us who want to see a better return on their savings without having to forfeit access to their money for a long period of time.

So if you have a sum of money that you don’t need instant access to, and that you want to guarantee receiving a certain rate of interest on, a 6 month fixed rate bond could well be the option for you.

A note of caution should however be sounded. While it is an important factor, the interest rate should not be the only important factor to take into consideration. That is why we have endeavoured to provide you with as much useful information about a selection of some of the best fixed rate bond deals as possible.

The tables on this page make it easy to compare fixed rate bonds and pick out the deal that is right for you.

If you are considering investing in a 6 month fixed rate bond, it is worth keeping in mind that like any financial investment, there are likely to be several potential advantages and disadvantages:

Some potential advantages

• You and your savings will be protected from the effects of the wider economy which may lead to future interest rates cuts as banks try to reposition themselves in the market
• If interest rates are low, 6 month fixed rate bonds are likely to have better rates than variable accounts.
• Some fixed rate bond deals allow for interest to be taken out monthly as a regular source of income
  

Some potential disadvantages

• Some deals may have relatively high minimum investments
• You are usually not allowed to withdraw any of the money for the amount of time agreed without incurring a penalty
• You may of course also find yourself stuck on what turns out to be an uncompetitive rate of interest
  

With these things in mind, take at look at the tables on this page and compare fixed rate bonds in a way that is quick and simple.