Fixed-rate bonds to pay up to 3.9%

A new range of competitive fixed-rate bonds has been launched by Santander and Alliance & Leicester.

The new offer, which is available at any of the banks' branches, could see interest accrue at up to 3.9 per cent gross/AER.

Reza Attar-Zadeh, director of savings and investments at Santander, said the current range of fixed rates are only available while stocks last.

"We encourage any customers wishing to take advantage to act now to secure what are highly competitive rates in the current low base rate environment," he said.

"Available to both new and existing customers, these bonds could be ideal for those savers looking for a guaranteed fixed income, knowing exactly what return they will receive."

Mr Attar-Zadeh said the bonds are offering some of the best savings interest rates available on the current market.

Last week, research conducted by Co-operative Bank Savings indicated that UK women in particular increased the amount of money they put away during the recession.

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2010-02-03 13:11:17 © Moneyextra.com