Barclays new 4 year fixed rate bond paying up to 4.25%
Barclays (barclays.com) has recently launched a new 4 year fixed rate bond paying up to 4.25 per cent.
The new 4 year bond will pay interest on a tiered basis, paying 4.25 per cent gross p.a/AER on balances over £50,000. The maximum investment is £1,000,000. This will make it one of the most competitive rates on the high street. The bond will pay 3.75 per cent gross p.a/AER on balances below £50,000. The minimum investment is just £500.
Customers taking out the fixed rate bond with Barclays can choose whether they want a regular monthly or annual income or grow their capital. New and existing customers can open their fixed rate bond instantly through a branch. In addition Barclays current account customers using online banking can apply online or by telephone banking.
Barclays continues to offer the one year fixed rate bond, paying 2.00 per cent p.a/AER with a minimum investment of just £500. Customers can combine this with the 4 year bond to spread their savings and ensure they can meet both their shorter and longer term savings needs.
Source: Barclays
