Fixed Interest Rate Bonds
Fixed Interest Rate Bonds
Fixed interest rate bonds are a good idea if you are looking for a high interest savings account for your money, and you don’t need instant or regular access to the account. The main features of fixed interest rate bonds are:
- Fixed rates that stay the same over the term, regardless of the Bank of England rate
- Fixed rate of return – guaranteed
- Interest paid annually or monthly
- Choose where interest is paid – nominated account
Although fixed interest rate bonds are designed to be left alone for the term specified, most banks and building societies allow customers to make emergency withdrawals, but this will usually be subject to a charge.
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