There is a whole suite of fixed-rate products to choose from. Again, compare them to open-market products and see if the risk versus reward balance fits your needs more.
| Type of account |
Minimum investment |
Access to your money |
Interest |
Other points |
| Fixed rate savings bonds |
£500 |
Lose 90 days' interest if cash in early |
Fixed. Can be paid out as monthly income |
Choice of term: 1, 3 or 5 years |
| Fixed interest savings certificates |
£100 |
Within 7 working days. Interest reduced if cash in before full term |
Tax-free Fixed |
Choice of term: 2 years or 5 years |
| Index-linked savings certificates |
£100 |
Within 7 working days. Interest reduced if cash in before full term |
Tax-free. Fixed rate plus amount equal to inflation |
Choice of term: 2 years or 5 years |
| Pensioners bonds |
£500 |
60 days' notice and lose 60 days' interest, or no notice and lose 90 days' interest |
Fixed. Paid out as monthly income |
Choice of term: 1, 2 or 5 years. |
| Capital bonds |
£100 |
Within 7 working days. Interest reduced if cash in before 5 years |
Fixed |
5-year term |
| Children's bonus bonds |
£25 |
Within 7 working days. Lower interest if cash in before a 5-year anniversary |
Tax-free. Fixed |
5-year term.Bought for children up to age 16 |
