Why choose a fixed rate savings bond?
Whether a fixed rate savings bond is the best option will depend on your circumstances and savings goals. But some of the benefits include:
- Your interest rate is fixed, so you know what return you’ll get on your investment.
- You’ll typically get a higher rate of interest than you would with a notice or easy access savings account.
- Fixed rate bonds allow for higher balances than ISAs, so may work well for you if you have a larger amount of personal savings.
You can reinvest or move your funds at the end of the fixed rate term.