Fixed Rate Bonds

Fixed rate bonds will usually offer a better return than easy access savings accounts. The amount of interest you earn will depend on the bond term and also the size of the cash deposit you pay in.

Reasons why you might want to consider a fixed rate bond include:

Guaranteed Interest Rate: 

The interest rate you’re offered stays the same for the duration of the bond, so you can work out how much interest you’ll earn and there is no risk of the rate going down. 

Higher interest rates than an easy access account:

Fixed rate bonds usually offer higher interest rates than easy access savings accounts in return for their lack of flexibility. With easy access accounts, you can access your money at any time, but rates may fluctuate.

To sum it up:

. Shop around for the best interest rates.

. Carefully consider the length of the term you are able to lock your money away for.

. Bonds are usually safer than stocks and can earn more interest than a regular savings         account and you can expect them to be more stable.