3 Year Fixed Rate Bonds.

What are 3 year fixed rate bonds?

A fixed rate bond is a savings account that rewards savers for longer term savings. With a 3 year fixed rate bond you are required to not access the bond for 3 years and in return for this you should expect a far higher rate on interest than on an instant access savings account. Because of the timescale it is important that you have emergency funds elsewhere as normally you won't be able to use the money in the bond until the end of the 3 years. 3 year fixed rate bonds often give you the option of having the interest paid annually or monthly and the monthly option can be useful for those who require their savings to give them a regular income stream.

VANQUIS BANK	Invest From £1,000+	4.15% AER	Limited issue as this 3 year fixed rate bond has a limited amount of money that can be invested in it.
POST OFFICE	Invest From £500+	4.21%	Annual Interest.
AA	Invest From £1+	4.15%	Interest paid yearly
UNITED NATIONAL BANK	Invest From £1+	4.00%	3 Year Fixed Rate Bond
NATIONAL COUNTIES BUILDING SOCIETY	Invest From £1,000+	4.00%	3 Year Fixed Rate e-Bond

last update November 1st 2011.