High Interest Bonds
High Interest Bonds
High interest bonds are a great way of savings money and gaining interest on that money, if you are prepared to lock the cash away for a fixed period, usually of between six months and 5 years.
Features of high interest bonds:
- Usually require around £2,000 as a minimum deposit
- Fixed rate of interest that is unaffected by base rate changes
- Guaranteed rate of return
- Interest paid monthly or annually into a nominated account
High interest bonds generally do not allow any access until the term is over, but some bank and building society will allow emergency access to the account but this will normally incur a penalty.
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