If you are looking for a savings option and can afford to tie away your capital for a predefined period of time where you don’t have access but know how much you will receive in return at the end of the term, then a United National fixed rate bond could be right for you, before you decide however you can use the comparison tables below to compare fixed rate bond products from different providers to help you decide which one might be right for you.
United national fixed rate bonds:
- You can choose from a range of different bond bonds from 1 month to 7 year.
- United national fixed rate bonds can also operate using US dollars with a minimum deposit of $25,000 to a maximum of $1million
- Early withdrawals face a penalty charge of a set amount of interest
- United to be at least 18 years old to open the account
As a bond requires you to make your savings not easily available for a set period of time before you invest in one it is a good idea to compare the different products available to try and find the best deal. You can use the above comparison table look at plans from several different lenders which might help you decide which one you feel would be best for specific requirements.
In addition to looking at the different fixed rate bond options available to you, you may also want to consider other savings options such as:
- Tracker bonds – a tracker bond also requires you to tie up your savings in the investment for a set term, however instead of your interest rate being fixed it can vary over the bonds course in relation to changes made to the Base Rate by the Bank of England which is tracks.
- Structured Deposits – Structured deposits are tied to an index such as the FTSE 100, they tend to offer better potential interest rates than bonds however if the index the plan works with does not perform over the plans course in the way stated by the terms and conditions of the plan you will only get back your original investment with no interest on it.
- Savings Account – Instant access savings accounts usually offer lower interest rates than structured deposits or bonds, but they usually allow you to make unlimited penalty free withdrawals from the account should you ever need to.