Best of the Week
Most Popular
1. Gold vs Cash in a Financial Crisis - Richard_Mills
2.Current Stock Market Rally Similarities To 1999 - Chris_Vermeulen
3.America See You On The Dark Side Of The Moon - Part2 - James_Quinn
4.Stock Market Trend Forecast Outlook for 2020 - Nadeem_Walayat
5.Who Said Stock Market Traders and Investor are Emotional Right Now? - Chris_Vermeulen
6.Gold Upswing and Lessons from Gold Tops - P_Radomski_CFA
7.Economic Tribulation is Coming, and Here is Why - Michael_Pento
8.What to Expect in Our Next Recession/Depression? - Raymond_Matison
9.The Fed Celebrates While Americans Drown in Financial Despair - John_Mauldin
10.Hi-yo Silver Away! - Richard_Mills
Last 7 days
Predictive Modeling Suggests US Stock Markets 12% Over Valued - 27th May 20
Why Stocks Bear Market Rallies Are So Tricky - 27th May 20
Precious Metals Hit Resistance - 27th May 20
Crude Oil Cuts Get Another Saudi Boost as Oil Demand Begins to Show Signs of Life - 27th May 20
Where the Markets are heading after COVID-19? - 27th May 20
Silver Springboards Higher – What’s Next? - 26th May 20
Stock Market Key Resistance Breakout Is Where the Rubber Meets the Road - 26th May 20
5 Ways To Amp Up Your CFD Trading Today - 26th May 20
The Anatomy of a Gold Stock Bull Market - 26th May 20
Stock Market Critical Price Level Could Soon Prompt A Big Move - 25th May 20
Will Powell Decouple Gold from the Stock Market? - 25th May 20
How Muslims Celebrated EID in Lockdown Britain 2020 - UK - 25th May 20
Stock Market Topping Behavior - 24th May 20
Fed Action Accelerates Boom-Bust Cycle; Not A Virus Crisis - 23rd May 20
Gold Silver Miners and Stocks (after a quick drop) Ready to Explode - 23rd May 20
3 Ways to Prepare Financially for Retirement - 23rd May 20
4 Essential Car Trade-In Tips To Get The Best Value - 23rd May 20
Budgie Heaven at Bird Land - 23rd May 20
China’s ‘Two Sessions’ herald Rebound of Economy - 22nd May 20
Signs Of Long Term Devaluation US Real Estate - 22nd May 20
Reading the Tea Leaves of Gold’s Upcoming Move - 22nd May 20
Gold, Silver, Mining Stocks Teeter On The Brink Of A Breakout - 21st May 20
Another Bank Bailout Under Cover of a Virus - 21st May 20
Do No Credit Check Loans Online Instant Approval Options Actually Exist? - 21st May 20
An Eye-Opening Perspective: Emerging Markets and Epidemics - 21st May 20
US Housing Market Covid-19 Crisis - 21st May 20
The Coronavirus Just Hit the “Fast-Forward” Button on These Three Industries - 21st May 20
AMD Zen 3 Ryzen 9 4950x Intel Destroying 24 core 48 thread Processor? - 21st May 20
Dow Stock Market Trend Analysis and Forecast - 20th May 20
The Credit Markets Gave Their Nod to the S&P 500 Upswing - 20th May 20
Where to get proper HGH treatment in USA - 20th May 20
Silver Is Ensured A Prosperous 2020 Thanks To The Fed - 20th May 20
It’s Not Only Palladium That You Better Listen To - 20th May 20
DJIA Stock Market Technical Trend Analysis - 19th May 20
US Real Estate Showing Signs Of Covid19 Collateral Damage - 19th May 20
Gold Stocks Fundamental Indicators - 19th May 20
Why This Wave is Usually a Market Downturn's Most Wicked - 19th May 20
Gold Mining Stocks Flip from Losses to 5x Leveraged Gains! - 19th May 20
Silver Price Begins To Accelerate Higher Faster Than Gold - 19th May 20
Gold Will Soar Soon; World Now Faces 'Monetary Armageddon' - 19th May 20
Gold Mining Stocks Fundamentals - 18th May 20
Why the Largest Cyberattack in History Will Happen Within Six Months - 18th May 20
New AMD Ryzen 4900x and 4950x Zen3 4th Gen Processors Clock Speed and Cores Specs - 18th May 20
Learn How to Play the Violin, Kids Activities and Learning During Lockdown - 18th May 20
The Great Economy Reopening Gamble - 17th May 20
Powell Sends a Message With Love for Gold - 17th May 20
An Economic Renaissance Emerges – Stock Market Look Out Below - 17th May 20
Learn more about the UK Casino Self-exclusion - 17th May 20
Will Stocks Lead the Way Lower for Gold Miners? - 15th May 20
Are Small-Cap Stocks (Russell 2k) Headed For A Double Dip? - 15th May 20
Coronavirus Will Wipe Out These Three Industries for Good - 15th May 20
Gold and Silver: As We Go from Deflation to Hyperinflation - 15th May 20

Market Oracle FREE Newsletter

Coronavirus-stocks-bear-market-2020-analysis

UK Fixed Rate Bonds Rising Interest Rates

Personal_Finance / Savings Accounts Apr 24, 2012 - 08:17 AM GMT

By: MoneyFacts

Personal_Finance

Cahoot has just launched a new issue of its popular Fixed Rate Bond, Issue 3, paying 3.60% yearly to the 2 July 2013. This internet/phone operated account runs for just over a year and is an alternative to the straightforward one-year bond market. The minimum investment is £25,000, up to £2million but be aware, once deposited there is no access to funds and no top-ups can be made either. 


Sylvia Waycot of Moneyfacts said: “The interest paid on this new issue is lower than previously enjoyed; however, it still offers a market leading rate in the short-term fixed market.  It is common for this sort of bond to refuse early access to funds, which means you need to be sure you won’t need to access your money once deposited until next summer to get the most from this account.   

United National Bank has increased the rate on its 1-Year Fixed Rate Deposit to 3.45% yearly or 3.40% monthly. The minimum investment is £2,000 up to a maximum of £1million with no early access to funds.

Sylvia Waycot of Moneyfacts said: “The increase to interest paid has moved this account up the ladder towards the top paying rates and the additional option of taking interest monthly albeit at a lower rate is sure to be attractive to anyone looking to supplement their income. 

If you have £10,000 to £2million spare, then the improved bond from Close Brothers Savings may be of interest. The rate on its 1-Year Fixed Rate Bond, has been increased to 3.45% yearly. There is no early access to funds and no top ups.  

Sylvia Waycot of Moneyfacts said: “Even this small movement upwards in the interest paid on this account has increased its positioning in the short term fixed rate market.

Furness Building Society has increased the rates paid on its 1-Year Fixed Rate ISA Bond to 3.25% yearly. The minimum investment in the bond is £1,000 and transfers in are permitted. Early access to funds will require closing the account and you will incur a hefty penalty of 270 days loss of interest.  

Sylvia Waycot of Moneyfacts said: “It is good news that this account is now paying more, but before rushing in, do make sure that you won’t need early access to funds as the penalty could outweigh or wipe out the original attraction of a good rate.

Vanquis Bank has adjusted the rate of its popular 5-Year High Yield Fixed Rate Bond downwards to 4.41% yearly or 4.32% monthly. The minimum investment is £1,000, up to £250,000 but in keeping with this style of bond, there is no early access to funds.

 Sylvia Waycot of Moneyfacts said: “Despite this reduction in the 5-Year High Yield bond rate to 4.41% it remains within the top five of the long term fixed market.

Even with a reduction in rate, the Halifax four-year bonds, Fixed Saver and Fixed Online Saver are still amongst the higher payers at 4.05% yearly or 4.00% at branches.  There is a monthly option available at 3.98% or 3.93% depending on online or branch operation.  The minimum investment is £500 up to £5million but be aware if you close this account early the penalty is 320 days loss of interest. 

Sylvia Waycot of Moneyfacts said: “These four-year bonds offer a good rate of return compared to similar products, however, the penalty for early closure is steep. Be sure you won’t need early access to funds before investing.

Scottish Building Society has entered the 2-year Fixed Rate Bond market with the launch of the competitive, Scot Bond, which pays 3.85% until 28 April 2014. The bond can be opened in branch or by post with £1,000 up to a maximum of £500,000 with no early access to funds. No withdrawals or top-ups are allowed during the term.

Sylvia Waycot of Moneyfacts said: “This is an exciting new launch from Scottish BS, the bond sits comfortably in the top five of two year bonds.

www.moneyfacts.co.uk - The Money Search Engine

Moneyfacts.co.uk is the UK's leading independent provider of personal finance information. For the last 20 years, Moneyfacts' information has been the key driver behind many personal finance decisions, from the Treasury to the high street.


© 2005-2019 http://www.MarketOracle.co.uk - The Market Oracle is a FREE Daily Financial Markets Analysis & Forecasting online publication.


Post Comment

Only logged in users are allowed to post comments. Register/ Log in

6 Critical Money Making Rules