Money News
Abbey Savings has launched its latest tranche of fixed-term savings accounts for customers looking for a guaranteed return on an amount of money they can lock away for a set time.
For people over 50 of age and who may be looking for a regular income from their savings, Abbey offers the 50+ Bond with a fixed term of 3 years and interest guaranteed at 6.25% gross pa (5% net). Corresponding rates for monthly income are the equivalent of 6.08% and 4.86% gross pa.
The Bond complements Abbey's 50+ Saver account, which offers up to 6.30% and is guaranteed to move in line with any changes in Bank of England base rate until July 1st 2008.
Searching for the right savings account? Take a look at Moneyextra's guides to saving and investing.
For people looking to save for a child's future, on the other hand, there is a Children's Savings Bond, available to savers under 18. And offering a guaranteed fixed rate of 6.25% gross pa (5% net) over a term of 4 years.
Finally, for customers who want a guaranteed rate of interest for a fixed period of time, the Fixed Rate Bond range offers the following rates: 1 year, 6.10% gross pa; 2 years, 6.15% and 3 years, 6.20%. Corresponding monthly rates are 5.94%, 5.98% and 6.03%.
All bonds have a minimum opening balance of £1.
16 August 2007 © Moneyextra.com
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