Fixed rate savings

Wednesday, 25, Oct 2006 12:00

A fixed rate savings account guarantees an interest rate and fixes it over a specified period thereby protecting you against any fluctuations in the Bank of England’s rate of interest. If you crave stability in your finances, a fixed rate saver account could be the best option because you know the rate of interest you can expect over the fixed term.

The downfall of fixed rate savings is that you are tied into an agreement for its duration. Therefore, it is important that you have thoroughly searched the market for fixed rate saving bonds. Many fixed rate savings providers impose strict restrictions with minimum monthly deposits over the fixed period accompanied by interest rate penalties that last the entire agreement and limited or no access to funds.

Bonds & Fixed Rate Easy Access ISAs Current Accounts

Company	Account	Notice	Interest		Deposit		Apply
Company	Account	Notice	Paid	AER	Minimum	Maximum	Apply
	e-Bond*	3 years	On Maturity	4.70%	£1.00	£3,000,000.00
	A savings bond with great rates. To open an e-Savings Plus account you need to have a Nationwide Current Account (FlexAccount) See site for details.
	Two Year Fixed Rate Savings Bond*	2 years	Annually	3.75%	£25,000.00	£2,000,000.00
	Save from just £1 and earn a great fixed rate on your savings for 2 Years; Tiered rates apply, see site for details.
	18 Month Fixed Rate Savings Bond*	18 Months	Annually	3.25%	£25,000.00	£2,000,000.00
	Save from just £1 and earn a great fixed rate on your savings for 2 Years; Tiered rates apply, see site for details.
	One Year Fixed Rate Savings Bond*	1 Year	Annually	2.75%	£10,000.00	£2,000,000.00
	Save from just £1 and earn a great fixed rate on your savings for 2 Years; Tiered rates apply, see site for details.
*Promoted through BeatThatQuote.com who are an appointed representative firm of Best Value Financial Services Ltd which is authorised and regulated by the Financial Services Authority. FSA registration number: 449766.

Company	Account	Notice	Interest		Deposit		Apply
Company	Account	Notice	Paid	AER	Minimum	Maximum	Apply
	Online Saver Issue 7*	Instant	Annually	2.75%	£1,000.00	£2,000,000.00
	Earn 2.75% AER(variable) Hassle free saving; no withdrawal penalties and access to your money within 24 hours.
	Internet Saver*	Instant	Annually	2.75%	£1.00	n/a
	Competitive rate of interest - 2.75% AER (variable) includes a fixed 1.50% bonus interest on balances up to £100,000 for 12 months.
	eSaver Direct (Issue 2)*	Instant	Annually	2.50%	£1.00	n/a
	A hassle free, online savings account with instant, penalty free access. Save from just £1.
	ING Direct Savings*	Instant	Monthly	2.50%	£1.00	£1,000,000.00
	A hassle free, online savings account with instant, penalty free access. Save from just £1.
	e-SAVER Issue 3*	Instant	Annually	2.40%	£1.00	£1,000,000.00
	Open an online e-Saver in 5 minutes and earn 2.40%AER (variable) for 1 year. Save anything from £1 to £1 million. T's and C's apply.
	International Bonus Saver Account	Instant	Monthly	2.01%	£5,000.00	n/a
	Instant access account with an introductory bonus of 0.50% for the first 12 months.
	e-Savings Plus*	Instant	Annually	2.00%	£1.00	£500,000.00
	Enjoy up to 3 free withdrawals. To open an e-Savings Plus account you need to have a Nationwide Current Account (FlexAccount) See site for details.
	Online Bonus Saver*	Instant	Annually	0.75%	£1.00	£50,000.00
	Earn up to 0.75% AER(variable)on savings from £1 up to £50K.Ts&Cs apply
*Promoted through BeatThatQuote.com who are an appointed representative firm of Best Value Financial Services Ltd which is authorised and regulated by the Financial Services Authority. FSA registration number: 449766.

Company	Account	Notice	Interest		Deposit		Apply
Company	Account	Notice	Paid	AER	Minimum	Maximum	Apply
	Direct ISA*	Instant	Annually	2.75%	£9,000.00	n/a
	2.75% AER tax-free (variable) from £9k+ which includes a 12 month variable rate bonus of 2.25% AER tax-free. Transfer all your tax-free savings in one easy step.
	Direct ISA (Issue 6)*	Instant	Annually	2.75%	£9,000.00	n/a
	Earn up to 2.75% AER tax free (variable) on savings from £9,000 Plus an option to transfer cash ISA's from other providers.
	ING Direct Cash ISA*	Instant	Monthly	2.50%	£1.00	£3,600.00
	Open an account today in approximately 10 minutes. A simple way to save up to £3,600, without paying tax on your investment.
	Direct ISA £1+ *	Instant	Annually	2.00%	£1.00	£9,999.00
	Earn 2.00% AER tax-free (variable) when you save from only £1 including a 12 month variable rate bonus of 1.50% AER tax-free. Transfer all your tax-free savings in one easy step
	Direct ISA (Issue 6) - £1+ *	Instant	Annually	2.00%	£1.00	£9,999.00
	Earn up to 2.00% AER tax free (variable) on savings from just £1 Plus an option to transfer cash ISA's from other providers.
*Promoted through BeatThatQuote.com who are an appointed representative firm of Best Value Financial Services Ltd which is authorised and regulated by the Financial Services Authority. FSA registration number: 449766.

Company	Account	Interest		Overdraft		Apply
Company	Account	Paid	AER	EAR	Limit	Apply
	Premier Direct Account*	Monthly	5.00%	0.00%	£2,000.00
	Earn a great rate of 5% AER (fixed for one year) on balances up to £2,500.
	Preferred In-Credit Rate Account*	Annually	5.00%	0.00%	£5,000.00
	Open an account with Santander and you'll get all the features of a current account, plus you'll earn a fantastic 5% AER (fixed).
	Preferred Overdraft Rate Account*	Annually	1.00%	0.00%	£2,500.00
	If you tend to use your overdraft, this account gives you an INTEREST FREE overdraft for the first 12 months. See site for details.
	Premier Current*	Monthly	0.50%	0.00%	£2,000.00
	Earn 0.50% AER (variable) on balances up to £2,500 and enjoy Free annual multi-trip European travel insurance.
	Natwest Advantage Gold Account*	Monthly	0.25%	18.49%	see provider
	Enjoy benefits worth up to £704 for just £12.95 a month. Including Mobile phone cover, Travel Insurance and even tailored rates on other Natwest products.
	Natwest Current Plus Account*	Monthly	0.10%	19.24%	see provider
	A free day to day bank account with an overdraft facility to give your finances some breathing space.
	Interest Paying Current Account*	Monthly	0.10%	0.00%	£100.00
	Looking for a straightforward interest paying account with no monthly fees? See site for details.
	International Account	Monthly	0.00%	15.8%	see provider
	International account designed for people working, living and banking abroad. Accounts in Sterling, Euro and US Dollars.
	HSBC Advance*	Monthly	0.00%	17.90%	see provider
	Receive £50 cashback just for opening an account and now for only £6 a month LIMITED OFFER enjoy £500 worth of benefits with this great account.
	Bank Account*	Quarterly	0.00%	19.30%	see provider
	A straight forward account with no monthly fee. Ts&Cs apply.
	HSBC Bank Account*	Annually	0.00%	19.00%	£500.00
	Apply for a bank account today and HSBC will give you £50 cashback just to say thank you. See site for details.
	Current Account Plus*	Quarterly	0.00%	0.00%	£300.00
	Up to £213 worth of annual benefits for just £5 per month. £300 interest-free overdraft. Ts&Cs apply.
Promoted through BeatThatQuote.com who are an appointed representative firm of Best Value Financial Services Ltd which is authorised and regulated by the Financial Services Authority. FSA registration number: 449766.

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