Investment - Get your Abbey fixes

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.

The Fixed Rate Bond range offers 1, 2 and 3-year options - rates on the 1-year deal coming in at 5.60% gross pa (£1 - £49,999) and 5.70% gross (£50,000+). Corresponding rates for the 2 and 3-year versions are 5.15% (£1+) and 4.75% (£1+). Net rates are 4.48%, 4.56%, 4.12% and 3.80%.

For those electing to take monthly income the corresponding rates are: 1-year 5.46% (4.37% net) and 5.56% (4.45%). For the 2 and 3-year offers rates are: 5.03% (4.03%) and 4.65% (3.72%).

Meanwhile, for people over 50 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 4.80% gross pa (3.84% net). For monthly income the rate is 4.70% gross (3.76% net).

Finally, there is the Children's Saving Bond - this 4-year deal paying a fixed 4.80% gross pa (3.84% net).

15 May 2008 © Moneyextra.com

SAVINGS - DEPOSIT ACCOUNTS - CASH ISAS

Our senior editor Robin Amlôt recommends you should consider taking independent financial advice before acting on any article. Please contact us for help with your individual circumstances if any assistance is required.