Fixed Rate Savings Accounts
Fixed Rate Savings Accounts
Fixed rate savings accounts offer a fixed rate of interest over a certain time period. This means that the interest paid on the cash in the account is not affected by rate changes during that term, and you will know how much interest your money will earn. You should expect fixed rate savings accounts to:
- Have a very competitive rate
- Offer a generous return
- Have a choice of investment term - usually between 6 months and 5 years
- Calculate interest daily and pays it into a nominated account, monthly or annually
- Require a minimum deposit
- Have restrictions/penalties on withdrawals/early closures
If you are happy to leave your money, untouched for the entire term, you could really benefit from the high interest rates offered by fixed rate savings accounts. See below for a range of online saving accounts:
Alternatively click on savings accounts advertising links below: