Following a flurry of fixed rate bonds being launched from a number of providers, we have seen a multitude of changes across our
fixed rate bond best buy tables.
The most striking of these, came from
Atom Bank, with improved rates across its entire range of fixed rate bonds. These are now leading the market and holding the top spot in our 1, 2 and 5 year best buy tables, and second only to
National Savings & Investments in the 3 year term.
1 Year Fixed Saver - 1.70% gross/AER
2 Year Fixed Saver - 1.80% gross/AER
3 Year Fixed Saver - 1.90% gross/AER
5 Year Fixed Saver - 2.30% gross/AER
Accounts with Atom Bank must be applied for through the provider's app, available in the Apple App store or Google Play store.
Kent Reliance has launched a new version of its 1 and 2 year fixed rate bonds, most notable of which is the
one year fixed rate bond that now holds second spot paying 1.55% gross/AER. Which unlike many fixed rate bonds, allows access to the funds within the term, although a hefty penalty will apply.
Finally,
Axis Bank launched a new version of its
2 year fixed deposit account, paying 1.76% gross/AER. Although just shy of the market-leading rate, this account offers a variety of interest payment options which could be beneficial should you require it.
As always, further information and other options available can be found in our
best buy tables.
If you would like any help with your savings, please call us on
0800 321 3581, we’d love to hear from you.
@savingschampion
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