7 lenders offering 7 per cent fixed rate bonds
Today there are currently 7 lenders; banks and building societies offering interest rates of 7 per cent and higher on fixed rate savings bonds.
There has never been a better time to start investing, if you have the money and are lucky enough to afford to save. Here are the top 7 per cent or more Fixed Rate Bonds;
Source; www.defaqto.co.uk * available from 16th June
Principal Consultant of Banking for Defaqto, David Black, says: “It’s a rare event when fixed rate bonds paying 2% above the base rate are freely available. Last year, when the base rate was higher than it is now, a handful of 7% bonds were briefly offered but these were quickly withdrawn as investors piled in. The sheer volume available now suggests that some of the current crop will be around for sometime longer.”
“Last time1 the bank base rate was at 5.00% the highest available fixed interest rate bond paid 5.90% which gives a good indication of how things have changed”
>>Click here to compare savings accounts and apply online today
June 12th, 2008 at 10:56 am
Hi! I’ve been reading your blog, and you discuss some of the same issues we do in our new book. We’ve also set up our own blog to discuss the current economic climate - see what you think. www.thegodsthatfailed.co.uk.