Guide to fixed-rate bonds

Banks and building societies want you to invest your cash in their savings accounts, which is why they pay you interest.

But with a normal, easy-access account the bank or building society doesn't have any security - you can withdraw your money whenever you like.

That's why they're happy to pay a little bit more to savers using fixed-rate bonds.

Here are some things to consider when trying to find the best fixed-rate ISA for you: The interest rate (AER) - obviously, you want the best interest rate for your savings. These are usually reserved for the. A fixed rate bond is a type of savings account that pays the same interest rate over a specified term and is ideal if you want to earn a guaranteed interest rate for a set term. A fixed rate bond locks your. The best savings interest rates might mean the difference between your savings account earning a decent chunk of cash or only a few dollars in a year. The highest interest rates are significantly.

Fixed rate bonds can earn you interest at the same rate for 1, 2, 3 or 5 or more years. The best fixed rate bonds offer high rates a secure place for your money with deposit protection. Find the best bond rates for every fixed rate bond offered by UK providers. FCA regulated accounts put your savings.

Best Fixed Rate Savings For 1 Year

These are accounts where you agree in advance not to touch your cash for a set time, typically between six months and five years.

In return for your money for a guaranteed time, the account provider guarantees you a fixed rate of interest.

Best Fixed Rate Savings Which

That means that, whether rates fall or rise elsewhere, you'll continue to get the amount you agreed.