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Barclays fixed rate bonds pay rates as high as 5.25%

21 September 2009 / by Rebecca Sargent

Barclays has launched a range of competitive fixed rate bonds, paying rates as high as 5.25 per cent.

The Barclays fixed rate bond range includes a one, two and five year option, with interest rates varying, depending on the term and the minimum balance.

Those with a deposit of at least £500 will enjoy a fixed rate of 5.25 per cent on the five year bond, while the rate reduces to 3.75 per cent for the two year bond with a deposit of £500.

Meanwhile, those with a deposit of £40,000 can receive an interest rate of 4.25 per cent on the two year Barclays fixed rate bond, while the one year bond pays three per cent for balances over £40,000.

Commenting on the new bonds, Andy Gray, Barclays' head of mortgages and savings said: "The market saw unprecedented levels of interest from savers last October who were looking for low risk, short term bonds to ride out the worst of the recession.

"Now, with base rate still at an all time low savers are looking for risk free ways to grow their capital or maximise the income earned from their savings," he adds.

The Barclays fixed rate bonds will appeal to savers who "want to secure a high fixed interest rate," Mr Gray claims, adding that, "the two year bond complements the range giving a strong rate and accommodates savers who are not in a position to lock away their savings for longer."

Customers can choose whether they want to take a regular income or watch their capital grow.

Click to learn more and apply online for Barclays fixed rate bonds »

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