Fixed Rate Bonds
Fixed Rate Bonds provide a simple way to save knowing precisely how much you’ll earn in interest. While rates for other accounts can go up or down, with a fixed bond we’ll pay the stated rate for the term, guaranteed.
It’s important to know that you can’t withdraw money from a fixed rate bond until the end of the term – what’s called maturity. So it’s best for savers who know they won’t need the money in the meantime.
Fixed Rate Bonds generally offer a higher rate of interest for money that you can afford to put away for a year or more. The rate of interest is fixed for the full term of the bond, but you need to ensure you won’t need access to your savings as you won’t be able to make a withdrawal until the end of the fixed period.
Bonds are limited edition accounts which may be withdrawn at any time without notice, so if you see one you like, don’t take too long to apply as there are no guarantees it will still be available the next time you look.
To make sure it’s the right service for you, please get in touch with one of our advisors now.