Cahoot (cahoot.com), a division of Abbey National plc, is currently offering a 4.20% gross/AER 2 year fixed rate bond (issue 2).
To follow are the main features of this two year fixed rate bond:
- fixed rate of 4.20% gross/AER* until 1st November 2011
- available to new and existing cahoot customers.
- deposit from a minimum of £10,000 up to a maximum of £2,000,000
- it is a limited offer only, subject to availability, that can be withdrawn at any time
- no additional deposits allowed after the initial deposit is made
- no partial withdrawals allowed
- you can access your balance by closing your account early, which will result in a loss of 120 days’ net interest
For those who can tuck away their savings for a fixed length of time in order to earn a higher interest rate, to follow is a comparison list of 2 (two) year fixed rate bonds currently made available by online banks and building societies.
In the following list, interest rates are expressed as gross p.a./AER.
- Abbey (abbey.com) – Two Year Fixed Rate Bond – 4.20% – £10,000 to £2million
- Alliance Leicester (alliance-leicester.co.uk) – Two Year Fixed Rate Bond – 4.20% – £10,000 to £2million
- Barclays (barclays.co.uk) – 2 Year Fixed Rate Savings Bond Issue 45 – 3.75% – £500 to £39,999
- Barclays (barclays.co.uk) – 2 Year Fixed Rate Savings Bond Issue 45 – 4.25% – £40,000 to £1million
- Egg (new.egg.com) – Egg Fixed Rate Bond – 4.00% – £1,000 to £1million
- NatWest (natwest.com) – 2 Year Fixed Rate Bond – 4.20% – £5,000 to £2million
- Nationwide (nationwide.co.uk) – 2 Year Fixed Rate Bond – 3.25% – £1 to £999
- Nationwide (nationwide.co.uk) – 2 Year Fixed Rate Bond – 3.50% – £10,000 to £24,999
- Nationwide (nationwide.co.uk) – 2 Year Fixed Rate Bond – 3.75% – £25,000 to £49,999
- Nationwide (nationwide.co.uk) – 2 Year Fixed Rate Bond – 4.00% – £50,000 to £2million
- Post Office (postoffice.co.uk) – 2 Year Fixed Rate Growth Bond – 4,25% – £500 to £1million
Further information and details can be found by visiting the related websites.
