Fixed bond interest rates rise by 30 per cent since January

Savers who can put their money away for the long term are able to earn 30 per cent more than they would six months ago, according to analysis by Telegraph Money. Those willing to put their money into fixed rate bonds are being rewarded with significantly higher interest rates, with Paragon Bank leading the best buy tables on their: One-year fixed bond Two-year fixed bond Three-year fixed bond Five-year fixed bond With interest rates on fixed savings bonds creeping up over the past few months, predictions of further increases are being made ...

New account launched by National Savings & Investments

After being announced in last year’s budget, the new National Savings & Investments (NS&I) Investment Guaranteed Growth Bond has finally been launched. The bond is a fixed rate product, offering 2.2% gross/AER. The Treasury announced it in November 2016 as a ‘market leading’ savings bond, but whilst it does offer the highest interest rate, it arrives at a time when inflation is high and expected to rise. What exactly is it? Contrary to what the name suggests, the new NS&I bond isn’t an investment product, but a savings bond with no element of ...

The three groups that will be hit by the new inflation high

Inflation. It is enough to fill anybody with dread. Money only stretches so far, and it is even harder to stretch a pound when it is only worth 97.7 pence. Well, that is the reality after inflation was recently announced to have exceeded the Bank of England’s 2% target to a level of 2.3%. The Office for National Statistics released a bulletin on the 21st of March, revealing inflation to be much higher than previously thought. This news has come as a surprise to many, and will affect three ...

Savings: Interest rates on Pensioner Bonds cut

No quick return for NS&I Index Linked Certificates 150pxNational Savings & Investments (NS&I) has announced the interest rates payable to savers, who decide to roll over their 65+ Guaranteed Growth Bond when it matures on its first anniversary. The NS&I product, often referred to as a Pensioner Bond, was launched by the Government last year with huge publicity and very attractive interest rates. Savers who took out the one-year fixed rate bond enjoyed an interest rate of 2.80% gross, well above other similar accounts and these are now starting to mature. However, savers will ...