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Bank Accounts Latest News Financier creates new ISAs and bonds
Bank Accounts Latest News Financier creates new ISAs and bonds Financier creates new ISAs and bonds
A lender has added to its range of savings accounts.
Consumers looking to compare savings accounts in order to find the best ISA rates available may wish to consider a new range of products on offer from one financier.In news that could also be of note to those wanting to take out fixed rate bonds, BM Savings earlier this week (July 13th) announced the creation of two fresh Inflation Rate Bonds as well as new Inflation Rates ISAs.
These deals have been designed on the back of the popularity of the company's previous packages linked to inflation and offer customers the opportunity to take out a savings product that is linked to the Retail Prices Index.
John Bianco, head of BM Savings, observed that they had been released primarily as "our customers have told us they are concerned about the effect of climbing inflation on their savings pot".
Recently, Kim Stephenson, occupational psychologist and founder of online resource Taming the Pound, called on parents to teach their children the importance of saving at a young age.
By Emma North
Friday, 15 July 2011 00:00
Top 5 Fixed Rate Bonds
|
Provider |
AER |
Duration |
Min Bal |
Apply |
|---|---|---|---|---|
| View Full Table > | ||||
 |
||||
|
4.10%
|
Fixed term for 5 years
|
£10,000
|
||
 |
||||
|
3.40%
|
Fixed term for 1 year
|
£10,000
|
||
 |
||||
|
3.27%
|
Fixed term for 1 year
|
£500
|
||
 |
||||
|
2.45%
|
Fixed term for 1 year
|
£1
|
||
|
|
||||
|
2.70%
|
Fixed term for 1 year
|
£50,000
|
||
Scottish Widows 5 Year Fixed Rate Bond
- The Scottish Widows 5 Year Fixed Rate Bond is a fixed interest rate account offering a competitive 4.10%AER over a period of five years. The account is available to new and existing Scottish Widows Bank customers and is not linked to any investment products.
- Minimum deposit £10,000
- Deposit Term - 5 years
- Fixed 4.10% annual gross
- No partial withdrawals permitted during deposit term.
- *Stands for the Annual Equivalent Rate and illustrates what the interest rate would be if interest was paid and compounded once each year.
- YOUR SAVINGS ARE PROTECTED UP TO £85,000 PER PERSON BY THE FSCS - Financial Services Compensation Scheme
Lloyds TSB International 1 Year Bond
- Save for 1 year
- Fixed interest rates of 3.40% AER/Gross*.
- Save from £10,000 up to £5,000,000
- No withdrawals are allowed.
- Rate is fixed for the term of the deposit.
- YOUR SAVINGS ARE PROTECTED UP TO £85,000 PER PERSON BY THE FSCS - Financial Services Compensation Scheme
Post Office 1 Year Fixed Term Bond
- Great fixed rate for 1 year fixed term
- Annual Interest Option = 3.27% gross/AER fixed
- Monthly Interest Option = 3.22% gross/3.27% AER
- Deposit from £500 to £2 million
- Quick and easy online application with instant account opening
- Monthly interest option also available
- No extra deposits or withdrawals after opening
- Close your Bond early if necessary (breakage fee applies)
Nationwide 1 Year Fixed Rate Bond
- Get higher savings rate the more you deposit
- £1 - £9,999 = 2.45%
- £10,000 - £24,999 = 2.50%
- £25,000 - £49,999 = 2.60%
- £50,000+ = 2.70%
- 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
- YOUR SAVINGS ARE PROTECTED UP TO £85,000 PER PERSON BY THE FSCS - Financial Services Compensation Scheme
Nationwide 1 Year Fixed Rate Bond
- Get higher savings rate the more you deposit
- Deposit £50,000+ = 2.70% 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 must not 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
- YOUR SAVINGS ARE PROTECTED UP TO £85,000 PER PERSON BY THE FSCS - Financial Services Compensation Scheme
Post Office 3 Year Fixed Term Bond
- Great fixed rate for 3 year fixed term
- Annual Interest Option = 3.72% gross/AER fixed
- Monthly Interest Option = 3.65% gross/3.72% AER
- Deposit from £500 to £2 million
- Quick and easy online application with instant account opening
- Monthly interest option also available
- No extra deposits or withdrawals after opening
- Close your Bond early if necessary (breakage fee applies)
Post Office 2 Year Fixed Term Bond
- Great fixed rate for 2 year fixed term
- Annual Interest Option = 3.63% gross/AER fixed
- Monthly Interest Option = 3.57% gross/3.63% AER
- Deposit from £500 to £2 million
- Quick and easy online application with instant account opening
- Monthly interest option also available
- No extra deposits or withdrawals after opening
- Close your Bond early if necessary (breakage fee applies)
Vanquis Bank 3 Year Fixed Rate Bond
- Available Online Only.
- Deposit between £1,000 to £250,000 for THREE YEARS in ONE PAYMENT and benefit from a guaranteed savings rate.
- Annual or Monthly interest options available.
- Sole or Joint Accounts.
- Restricted to UK residents 18 years or older.
- No additional deposits, withdrawals or closure during term.
- Vanquis Bank is a UK bank with operations and call centres in London, Chatham, Bradford and Newcastle, and is part of the Provident Financial Group, a FTSE 250 company founded over 130 years ago.
- YOUR SAVINGS ARE PROTECTED UP TO £85,000 BY THE FSCS - Financial Services Compensation Scheme
Vanquis Bank 5 Year Fixed Rate Bond
- Available Online Only.
- Deposit between £1,000 to £250,000 for FIVE YEARS in ONE PAYMENT and benefit from a guaranteed savings rate.
- Annual or Monthly interest options available.
- Sole or Joint Accounts.
- Restricted to UK residents 18 years or older.
- No additional deposits, withdrawals or closure during term.
- Vanquis Bank is a UK bank with operations and call centres in London, Chatham, Bradford and Newcastle, and is part of the Provident Financial Group, a FTSE 250 company founded over 130 years ago.
- YOUR SAVINGS ARE PROTECTED UP TO £85,000 BY THE FSCS - Financial Services Compensation Scheme
Scottish Widows 3 Year Fixed Rate Bond
- The Scottish Widows 3 Year Fixed Rate Bond is a fixed interest rate account offering a competitive 3.50% AER over a period of three years.
- The account is available to new and existing Scottish Widows Bank customers and is not linked to any investment products.
- Fixed annual rate 3.50% Gross
- Minimum deposit £10,000
- Deposit Term - 3 years
- No partial withdrawals permitted during deposit term.
- *Stands for the Annual Equivalent Rate and illustrates what the interest rate would be if interest was paid and compounded once each year.
- YOUR SAVINGS ARE PROTECTED UP TO £85,000 PER PERSON BY THE FSCS - Financial Services Compensation Scheme
United National Bank 1 Year Fixed Rate Bond
- Guaranteed rate of interest for full term of product
- Minimum deposit of £2,000
- Interest payable monthly or on maturity
- Penalty for early withdrawal
- Available as sole or joint accounts
- Must be UK resident and 18 years of age or older
- Must have an account with an existing UK bank
- YOUR SAVINGS ARE PROTECTED UP TO £85,000 BY THE FSCS - Financial Services Compensation Scheme
United National Bank 2 Year Fixed Rate Bond
- Guaranteed rate of interest for full term of product
- Minimum deposit of £2,000
- Interest payable:
- monthly (3.45% Gross)
- yearly (3.50% Gross)
- maturity (3.56% Gross)
- Penalty for early withdrawal
- Available as sole or joint accounts
- Up to £85,000 per depositor is protected by FSCS
- Must be UK resident and 18 years of age or older
- Must have an account with an existing UK bank
- YOUR SAVINGS ARE PROTECTED UP TO £85,000 BY THE FSCS - Financial Services Compensation Scheme
The Cambridge 2 Year Fixed Rate Bond
- Exclusively available to open online
- Allows you to invest your savings for a fixed term at an interest rate that won't change
- You need a minimum of £1,000 to open your account
- Online account management
- You can add to the balance of your account whilst The Cambridge 3 Year e-Bond Issue 5 remains open to new savers
- Withdrawals are not permitted during the fixed rate term
- The Cambridge 3 Year e-Bond Issue 5 will mature on 27th May 2015
- Interest is calculated daily and paid annually on 31st December or monthly on the last day of the month
- This is a limited issue - the bond will be withdrawn when fully subscribed
- YOUR SAVINGS ARE PROTECTED UP TO £85,000 PER PERSON BY THE FSCS - Financial Services Compensation Scheme
Top 5 ISAs
|
Provider |
Notice |
Min Deposit |
Max Deposit |
Apply |
|
|---|---|---|---|---|---|
| View Full Table > | |||||
 |
|||||
|
3.75%
|
Fixed term for 2 Years
|
£100
|
£50,000
|
||
|
|
|||||
|
3.70%
|
Fixed term for 2 years
|
£10,000
|
£150,000
|
||
|
|
|||||
|
3.40%
|
Fixed term for 2 years
|
£3,000
|
£10,000
|
||
 |
|||||
|
3.30%
|
Fixed term for 3 years
|
£1
|
£5,640
|
||
 |
|||||
|
3.20%
|
Fixed term until 31/05/2013
|
£100
|
£5,340
|
||
Progressive BS 2 Year Fixed Rate ISA
- Account gives you a great rate of 3.75% AER
- You can open an account with just £100.
- The maximum balance is £50,000.
- Early access on full closure only and subject to an Early Closure Charge equivalent to 270 days interest at 3.1% plus a £15 (ex VAT) admin charge
- YOUR SAVINGS ARE PROTECTED UP TO £50,000 BY THE FSCS - Financial Services Compensation Scheme
Lloyds TSB 2 Year Fixed Rate Cash ISA
- Fixed interest rates. Earn 3.40% AER/Tax Free* on balances of £3,000 or more fixed for 24 months from account opening. View Fixed Rate Cash ISA interest rates.
- You have instant access to your money but a withdrawal charge will apply on any amount you take out.
- Interest rate fixed for 24 months from account opening.
- Interest calculated on a daily basis and paid on anniversary of account opening and upon account maturity.
- You can transfer your existing ISA into us, with our ISA transfer form. We may keep you informed of progress of your transfer by SMS text.
- Continued growth - at the end of the 24 month fixed rate period, your account pays interest at our standard variable Cash ISA Saver (excluding bonus rate).
- Manage your account through Internet Banking, PhoneBank® or branch.
- Save up to £5,100 each tax year. The 2011/2012 tax year commencing on 6th April 2011 will allow you to save up to £5340 in that tax year.
- YOUR SAVINGS ARE PROTECTED UP TO £85,000 PER PERSON BY THE FSCS - Financial Services Compensation Scheme
Lloyds TSB 2 Year Fixed Rate Cash ISA
- Fixed interest rates. Earn 3.70% AER/Tax Free* on balances of £10,000 or more fixed for 24 months from account opening. View Fixed Rate Cash ISA interest rates.
- You have instant access to your money but a withdrawal charge will apply on any amount you take out.
- Interest rate fixed for 24 months from account opening.
- Interest calculated on a daily basis and paid on anniversary of account opening and upon account maturity.
- You can transfer your existing ISA into us, with our ISA transfer form. We may keep you informed of progress of your transfer by SMS text.
- Continued growth - at the end of the 24 month fixed rate period, your account pays interest at our standard variable Cash ISA Saver (excluding bonus rate).
- Manage your account through Internet Banking, PhoneBank® or branch.
- Save up to £5,640 each tax year. The 2011/2012 tax year commencing on 6th April 2011 will allow you to save up to £5640 in that tax year.
- YOUR SAVINGS ARE PROTECTED UP TO £85,000 PER PERSON BY THE FSCS - Financial Services Compensation Scheme
Chelsea BS Fixed Rate ISA
- Guaranteed fixed rate of interest for the duration of the Fixed Rate e-ISA
- Minimum investment of £100
- ISA transfers in*** from other providers and deposits up to your 2011/2012 ISA limit, can be made whilst the product remains on sale. Transfer charges may apply, please check with your existing provider
- Interest paid annually
- Withdrawals are not permitted during the term
- Early closure or transfer out to another ISA provider is permitted subject to 90 days loss of interest on the closing balance. Early closure would mean loss of tax free status other than transfers to another ISA provider.
- YOUR SAVINGS ARE PROTECTED UP TO £85,000 PER PERSON BY THE FSCS - Financial Services Compensation Scheme
Virgin 1 Year Fixed Rate e-ISA
- Great rate of 2.90% tax-free p.a./AER
- Guaranteed fixed rate of interest for the duration of the term
- Start saving from £1
- Minimum age 16
- Online application process to help make opening your Fixed Rate e-ISA easy
- Withdrawals are permitted during the term with a charge of 60 days loss of interest
- Transfers are allowed simply complete a Transfer Authority Form
- YOUR SAVINGS ARE PROTECTED UP TO £85,000 PER PERSON BY THE FSCS - Financial Services Compensation Scheme
Virgin 3 Year Fixed Rate e-ISA
- Great rate of 3.30% tax-free p.a./AER
- Guaranteed fixed rate of interest for the duration of the term
- Start saving from £1
- Minimum age 16
- Online application process to help make opening your Fixed Rate e-ISA easy
- Withdrawals are permitted during the term with a charge of 120 days loss of interest
- Transfers are allowed simply complete a Transfer Authority Form
- YOUR SAVINGS ARE PROTECTED UP TO £85,000 PER PERSON BY THE FSCS - Financial Services Compensation Scheme
