Banking & Saving - New Abbey fixed rate bond on offer
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Latest News New Abbey fixed rate bond on offer
New Abbey fixed rate bond on offer
Santander has made a new range of fixed rate bonds available, among them an Abbey Fixed Rate Bond.
Details of a new range of fixed rate bonds have been unveiled by Santander.The products - which include an Abbey Fixed Rate Bond - can be opened from a minimum balance of £1, with bonds lasting one year, 18 months and two years all available.
Reza Attar-Zadeh, director of savings and investments for Santander, states: "Fixed rate savings are in demand as savers look for base rate beating returns - they offer security of capital and a fixed, guaranteed return."
Both monthly and annual interest rate options are provided, although the fixed bond rate tends to be slightly lower if the former is selected.
However, Mr Attar-Zadeh claims that opting for monthly return on interest can be of particular assistance to those Britons looking to review a regular income from their savings.
Meanwhile, Jane Baker wrote in a recently article for Love Money that those on the search for a fixed rate bond may wish to take out a product lasting no longer than two years so they do not find themselves stuck in an uncompetitive deal when the base rate eventually rises.
Written by Joe Letts.
Tuesday, 02 June 2009 00:00
Comments (8)
The comments listed below are opinions held by the individuals posting and are not endorsed by, or representative of opinions held by which4u.co.uk. We cannot be held responsible or liable for the accuracy or content of any comments submitted. We reserve the right to publish, remove or edit comments as we see fit.
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Sarojni 2009-06-07 17:19:37Abbey should give address and telephone no. where the bond has to be sent. I was given Leighton Bussard, Beds, LU7 2WU. I cannot find that business address and there should be a person I can talk to.
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john fuller 2009-06-29 12:55:47i applied for 1yr abbey bond 2 weeks ago am still waiting to invest my money.what terrible service, am now looking elsewhere.
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Derek Armitage 2009-07-01 11:05:25I need to have available cash for items such as possible update of car new carpets, new 3 piece suites plus unforseen property maintenance and cannot tie up a sum of £20K fixed for 12 months. my bank is giving a paltry 0.1%. Are there any institutions which will give a better rate say 1.5% plus for accessible funds?
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Admin 2009-07-01 11:17:58Derek,
Several savings account providers have today increased rates on instant access accounts, offering up to 3%.
To see all of our accounts click the 'Banking & Saving' tab above, or check out the following article for more information: July-Brings-Rising-Rates-for-Savings-Accounts -
Doherty 2009-07-09 17:09:55Abbey's rates may be good but they are rubbish at opening and managing accounts. I spend hours trying to chase them up
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joan Bramall 2009-07-22 18:52:19what is the fixed rate interest rate
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Jane 2009-08-06 13:35:40I have £120,000 to invest for 2-3 years, I am looking for a safe option with a good return, what do you suggest
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Admin 2009-08-06 13:58:54Hi Jane,
The safest option would be to invest £50,000 at a time between different financial institutions (or in your case 2x £50,000 & 1x £20,000), as this is the amount protected for each individual per institution by the Financial Services Compensation Scheme.
There are several great fixed rate bonds on our site, offering up to 5% returns.
But remember, although it is unlikely the banks will go bust, each institution will only cover you up to £50,000 should there be a problem, and some institutions are made up of several banks. See our Top 10 savings Tips for more information.
Check out our Fixed Rate Bonds table for the best deals available on our site.
Alternatively, if you don't mind risking your interest, you may wish to consider capital protected investment bonds. These accounts provide a rate that is predicted, so could provide you with higher rates than that offered on a standard bond. The same £50K rule applies, so this could be one of your 3 investments. For more info, see our Investment Bonds page
Make a comment on this article
| Provider | AER | Duration | Min Bal | Apply |
|---|---|---|---|---|
| View Full Table > | ||||
 |
Halifax 3 Year Fixed Rate Web Saver | |||
|
4.50%
|
Fixed term for 3 years
|
£500
|
||
|
|
Halifax 2 Year Fixed Rate Web Saver | |||
|
4%
|
Fixed term for 2 years
|
£500
|
||
 |
Santander 2 Year Bond | |||
|
3.75%
|
Fixed term for 2 years
|
£25,000
|
||
|
|
Santander 2 Year Bond | |||
|
3.25%
|
Fixed term for 2 years
|
£10,000
|
||
|
|
Halifax 1 Year Fixed Rate Web Saver | |||
|
2%
|
Fixed term for 1 year
|
£500
|
||
- Account gives you a great rate of 4.50% AER
- You can open an account with just £500.
- The maximum balance is £9,000,000.
- Great fixed rates of interest - so you are protected against changes in interest rates and know exactly what you'll earn.
- On maturity you'll still get a good rate as your savings and interest are transferred into the Variable Rate Web Saver (which is opened at the same time as your Fixed Rate account).
- YOUR SAVINGS ARE PROTECTED UP TO £50,000 BY THE FSCS - Financial Services Compensation Scheme
- Account gives you a great rate of 4.00% AER
- You can open an account with just £500.
- The maximum balance is £9,000,000.
- Great fixed rates of interest - so you are protected against changes in interest rates and know exactly what you'll earn.
- On maturity you'll still get a good rate as your savings and interest are transferred into the Variable Rate Web Saver (which is opened at the same time as your Fixed Rate account).
- YOUR SAVINGS ARE PROTECTED UP TO £50,000 BY THE FSCS - Financial Services Compensation Scheme
- 3.75% gross/AER* on balances of £25k+
- Matures 1st February 2012
- Get a great fixed rate for the next two years
- Pay in anything from £1 up to a maximum of £2,000,000
- Invest £1 to £9,999 and receive 3.00% gross/AER
- Invest £10,000 to £24,999 and receive 3.50% gross/AER
- Invest £25,000 up to £2,000,000 and receive 3.75% gross/AER
- Available to new and existing Santander customers
- You can't add to your bond once it's open so put in as much as you can at the start
- This is a limited offer and subject to availability. Apply today as this product can be withdrawn at any time
- * gross/AER based on funds invested on 1st February 2010
- Matures 1st February 2012
- Get a great fixed rate for the next two years
- Save from £10,000 up to £25,000 and receive 3.25% gross/AER fixed
- Available to new and existing Santander customers
- Invest £1 to £9,999 and receive 3.00% gross/AER
- Invest £10,000 to £24,999 and receive 3.50% gross/AER
- Invest £25,000 up to £2,000,000 and receive 3.75% gross/AER
- You can't add to your bond once it's open so put in as much as you can at the start
- Accessing your money during the term can only be done by closing the account, which is subject to 120 days loss of net interest
- gross/AER based on funds invested on 1st February 2010.
- Account gives you a great rate of 2.00% AER
- You can open an account with just £500.
- The maximum balance is £9,000,000.
- Great fixed rates of interest - so you are protected against changes in interest rates and know exactly what you'll earn.
- On maturity you'll still get a good rate as your savings and interest are transferred into the Variable Rate Web Saver (which is opened at the same time as your Fixed Rate account).
- YOUR SAVINGS ARE PROTECTED UP TO £50,000 BY THE FSCS - Financial Services Compensation Scheme
- Account gives you a great rate of 1.50% AER
- You can open an account with just £500.
- The maximum balance is £9,000,000.
- Great fixed rates of interest - so you are protected against changes in interest rates and know exactly what you'll earn.
- On maturity you'll still get a good rate as your savings and interest are transferred into the Variable Rate Web Saver (which is opened at the same time as your Fixed Rate account).
- YOUR SAVINGS ARE PROTECTED UP TO £50,000 BY THE FSCS - Financial Services Compensation Scheme
- Matures 1st August 2011
- 3.25% gross/AER* on balances of £25k+
- Get a great fixed rate on your savings for one year
- Pay in anything from £1 up to a maximum of £2,000,000
- Invest £1 to £9,999 and receive 2.75% gross/AER
- Invest £10,000 to £24,999 and receive 3.00% gross/AER
- Invest £25,000 up to £2,000,000 and receive 3.25% gross/AER
- Available to new and existing Santander customers
- You can't add to your bond once it's open so put in as much as you can at the start
- This is a limited offer and subject to availability. Apply today as this product can be withdrawn at any time
- * gross/AER based on funds invested on 1st February 2010
- Matures 1st February 2011
- Save £1 to £9,999 and receive 2.50% gross/AER fixed
- Save £10,000 up to £2,000,000 and receive 2.75% gross/AER fixed
- Get a great fixed rate on your savings for one year
- Pay in anything from £1 up to a maximum of £2,000,000
- Available to new and existing Santander customers
- You can't add to your bond once it's open so put in as much as you can at the start
- Accessing your money during the term can only be done by closing the account, which is subject to 120 days loss of interest
- *gross/AER based on funds deposited by 1st February 2010.
- Get higher savings rate the more you deposit
- Deposit £1 - £24,999 = 2.75% AER fixed for 1 year
- You need to have a Nationwide Flexi-Current Account to deposit funds in to this bond. If you do not have one you will be asked to set one up as part of your application process.
- Manage your savings bonds online via our secure Internet Bank
- Enjoy the security of a guaranteed rate of return
- Choose between monthly or annual interest
- Open several e-Bonds (the combined savings bonds balance mustn't exceed £3m)
- Use your own e-Bond account nickname instead of having to remember a lot of numbers
- Your online security protected with Nationwide's Internet Banking Promise
- Get higher savings rate the more you deposit
- You need to have a Nationwide Flexi-Current Account to deposit funds in to this bond. If you do not have one you will be asked to set one up as part of your application process.
- Manage your savings bonds online via our secure Internet Bank
- Enjoy the security of a guaranteed rate of return
- Choose between monthly or annual interest
- Open several e-Bonds (the combined savings bonds balance mustn't exceed £3m)
- Use your own e-Bond account nickname instead of having to remember a lot of numbers
- Your online security protected with Nationwide's Internet Banking Promise
- Get higher savings rate the more you deposit
- You need to have a Nationwide Flexi-Current Account to deposit funds in to this bond. If you do not have one you will be asked to set one up as part of your application process.
- Manage your savings bonds online via our secure Internet Bank
- Enjoy the security of a guaranteed rate of return
- Choose between monthly or annual interest
- Open several e-Bonds (the combined savings bonds balance mustn't exceed £3m)
- Use your own e-Bond account nickname instead of having to remember a lot of numbers
- Your online security protected with Nationwide's Internet Banking Promise
- Get higher savings rate the more you deposit
- You need to have a Nationwide Flexi-Current Account to deposit funds in to this bond. If you do not have one you will be asked to set one up as part of your application process.
- Manage your savings bonds online via our secure Internet Bank
- Enjoy the security of a guaranteed rate of return
- Choose between monthly or annual interest
- Open several e-Bonds (the combined savings bonds balance mustn't exceed £3m)
- Use your own e-Bond account nickname instead of having to remember a lot of numbers
- Your online security protected with Nationwide's Internet Banking Promise
- Matures 1st February 2011
- Save £1 to £9,999 and receive 2.50% gross/AER fixed
- Save £10,000 up to £2,000,000 and receive 2.75% gross/AER fixed
- Get a great fixed rate on your savings for one year
- Pay in anything from £1 up to a maximum of £2,000,000
- Available to new and existing Santander customers
- You can't add to your bond once it's open so put in as much as you can at the start
- Accessing your money during the term can only be done by closing the account, which is subject to 120 days loss of interest
- *gross/AER based on funds deposited by 1st February 2010.
- Save for 2 years,
- Fixed interest rates of 3.90% AER/Gross*.
- View eBond interest rates.
- Choose when your interest is paid - monthly to supplement your income or yearly as a lump sum - it's up to you.
- Nominate where your Interest is paid – this can be a current account or an eligible savings account (excluding Monthly Saver, Term Deposits, Child Trust Fund, and ISA products.)
- Save from £2,000 up to £1,000,000
- No withdrawals are allowed.
- You can make additional deposits to the product whilst the issue is on sale. This is a limited issue product however so once the issue is full no further deposits can be made.
- Rate is fixed for the term of the deposit.
- Manage your account through a dedicated eBond Savings Team. The account cannot be serviced through PhoneBank, branches or Internet Banking.
- Minimum opening balance - from £500 upwards
- Maximum balance - £9 million per account
- Withdrawals - if after 6 months you need to withdraw your funds you may close your account subject to loss of interest
- No additional deposits - after opening your account
- Manage your savings - by telephone or branch. View your balance online 24/7
- Minimum opening balance - from £500 upwards
- Maximum balance - £9 million per account
- Withdrawals - if after 6 months you need to withdraw your funds you may close your account subject to loss of interest
- No additional deposits - after opening your account
- Manage your savings - by telephone or branch. View your balance online 24/7
- Minimum opening balance - from £500 upwards
- Maximum balance - £9 million per account
- Withdrawals - if after 6 months you need to withdraw your funds you may close your account subject to loss of interest
- No additional deposits - after opening your account
- Manage your savings - by telephone or branch. View your balance online 24/7
- Minimum opening balance - from £500 upwards
- Maximum balance - £9 million per account
- Withdrawals - if after 6 months you need to withdraw your funds you may close your account subject to loss of interest
- No additional deposits - after opening your account
- Manage your savings - by telephone or branch. View your balance online 24/7
- Get higher savings rate the more you deposit
- Deposit £1 - £24,999 = 3.20% AER fixed for 18 months
- You need to have a Nationwide Flexi-Current Account to deposit funds in to this bond. If you do not have one you will be asked to set one up as part of your application process.
- Manage your savings bonds online via our secure Internet Bank
- Enjoy the security of a guaranteed rate of return
- Choose between monthly or annual interest
- Open several e-Bonds (the combined savings bonds balance mustn't exceed £3m)
- Use your own e-Bond account nickname instead of having to remember a lot of numbers
- Your online security protected with Nationwide's Internet Banking Promise
