Barclays unveils new two-year fixed-rate bond

Barclays unveils new fixed rate mortgage deals

Barclays is offering an escape from rising standard variable rates (SVR) with the launch today of four competitively priced fixed rate mortgages.
Principality unveils two year variable rate bond

Principality has replaced its two year fixed rate bond with a variable rate product. The new bond is guaranteed not to drop below 3.3 per cent for two years.

Friday, 18 June 2010 12:00

A new two-year fixed-rate bond that pays up to 3.7 per cent has been launched by Barclays.

The bank stated the product is bucking the recent trend of fixed-rate offers being withdrawn from the market.

Its top-paying bond offers the percentage gross on balances over £50,000, as well as 3.3 per cent on those below this amount. The minimum investment is £500.

Barclays head of mortgages and savings Andy Gray said the scheme is one of the best short-term rates available to consumers.

He added the bond can provide individuals with a "safe haven for their money, offering them the opportunity to secure a great high fixed interest rate from just £500".

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