Fixed Rate Bond Market Heats Up As Savers Earn Higher Returns

With July the month that bond maturities are expected to peak - fast approaching, some fixed rate bond providers have upped their game in the competition through increased rates, offering higher returns for savers.

Barclays today launched a new 2 year fixed rate bonds product offering up to 3.70%, one of the highest paying products of its kind on the current savings market.

The move from Barclays comes at a time when several fixed rate offers have been withdrawn or had rates reduced, so the new bond is likely to see Barclays heating up the competition and setting a new trend.

Andy Gray, Barclays Head of Mortgages and Savings said: Our two year fixed rate is one of the best short term rates available to savers, particularly at a time when some competitors have been cutting their rates. This bond gives savers a safe haven for their money, offering them the opportunity to secure a great high fixed interest rate from just 500.

The rate increase will have a major impact on our customers savings particularly those customers who are looking to earn a regular income from their savings.

The current top paying Barclays fixed rate bond offers 3.70% gross p.a/AER on balances of 50,000 and above and 3.30% on balances below 50,000, while the minimum investment stands at just 500. This will offer a safe haven for customers, hoping to take advantage of the ongoing record low base rate, which is likely to remain unchanged for some time.

ICICI UK are offering a similar selection of fixed rate bonds and have also increased the rate on the ICICI two year fixed rate bond to 3.70% gross p.a/AER on balances of 1,000 or more.

Savers looking to invest for a shorter period of time may wish to consider the ICICI fixed rate bond that carries a term of just one year and pays an impressive 3.0% gross p.a/AER on balances of 1,000 or more.

About the Author:
UK Price Comparison website Which4U - Compare Credit Cards,Top Savings Accounts, Fixed Rate Bonds, Bank Accounts, ISAs, Fixed Rate Bonds, Mortgages, Insurance, TV & Broadband and Gas/Electric bills to find the best UK deals

Article Originally Published On: http://www.articlesnatch.com

Tags: credit cards

, top savings accounts

, fixed rate bonds

Related....

Videos...

Recent Investing Articles

Apply Used Car Loans-auto Loan Calculator-use Car Loan Calculators By: FreeFinAdvice | May 31st 2012 - If you are thinking about purchasing a new or used vehicle you will need some amount of direction before doing so. One way to get some help is through the use of online calculators speciall ...

Properties In Goa Are Better Option For Investment By: Ashish | May 31st 2012 - Are you worried about your retired life? Searching for a better place to spend your rest of your life where there are no worries and tensions to take upon. Only there is you and your hubby ...

Holiday homes in Goa

Properties in Goa

Goa Property

Text Loans Uk: Take The Fund With No Need Of Performing Tiring Task By: Bob Moore | May 31st 2012 - Text loans UK is impeccable solution for those people, who have been suffering form the unseen fiscal crises in spite of being job-holder with the handsome amount of salary.

Text Payday Loans

Instant Payday Loans

Unemployed Payday L

Alternative Investment Trading Universe - Comment: Jeffrey Bronheim By: Charlotte Rivington | May 30th 2012 - Somehow the entire alternative investment trading universe, including both investment managers and their different funds, has wound-up being known as 'hedge funds'. Why do we have a name th ...

Alternative investment

trading

hedge funds

Knowledge Is Power When It Comes To Your Finances By: srp | May 30th 2012 - The ability to make your money go a long way will help you to survive in today's world. The trick to getting the most out of your money is having good money management skills. Keep reading, ...

GTE Federal Credit Union

Chevron federal Credit Union

Great Ways On How To Plan For Your Personal Finances By: srp | May 30th 2012 - Learning to intelligently manage your personal finances can mean the difference between being financial healthy and secure, and ending up bankrupt or severely in debt. It is not easy to lea ...

Mobiloil Federal Credit Union

Benchmark Federal Credit Unio

Looking For Investment Instruments With Higher Roi And Minimal Risk? By: Brian Anthony | May 30th 2012 - Article analyses growth of company fixed deposits from Indian Context.

Company Fixed Deposit

Fixed Deposit

Fixed Deposits

fixed

Tips When Buying Costa Rica Beach Front Properties For Sale By: s.michilov | May 29th 2012 - When one encounters with the word beachfront properties he/she would most likely think that such thing is only for the elite or the rich. However, more and more people from different walks ...

costa rica beach front properties for sale

costa rica beach

Excellent Costa Rica Investment Opportunities - Don"��t Missed Grabbing Them! By: s.michilov | May 29th 2012 - Do you love the pristine beaches, the turquoise blue sea waters, and the rush of adrenaline through your veins while hiking or simply you are an investor in real estate. If any one of these ...

excellent costa rica investment opportunities

Investing In Rare Earth Metals By: Paul Lebeau | May 29th 2012 - There is a growing trend in commodity markets for investments in rare earth metals. The global supply of these elements is heavily restricted, but demand for them is high and increasing, cr ...

rare earth metals

rare earth elements

rare earth investing

Comments

Still can't find what you are looking for? Search for it!

Site Navigation: