Savings Bonds

Scarborough Building Society is launching the latest edition of its popular Options Bonds – offering competitive rates of up to 6.50% annual interest.

Scarborough Channel Islands Limited (SCIL) is offering a suite of outstanding new savings bonds giving customers the flexibility to fix their rate for either six months, one or two years.

Leeds Building Society has launched a new branch based 2-Year Fixed Rate Bond paying 6.50% gross p.a./AER until 31 August 2009, with instant access of up to 50% of the funds without notice or penalty, at any time.

Leeds Building Society is set to launch new 2 and 3-year year fixed rate postal bonds both paying a market leading 6.70% gross p.a./AER.

Lisa Taylor, analyst at Moneyfacts.co.uk, comments: “With fixed rate bonds hitting new highs on an almost daily basis, the new Inflation Beater Bond from Leeds takes this to a new level, both in terms of rate and innovative product design.

Newcastle Building Society has announced the launch of its new issue Fixed Rate Bond with a rate of 6.15% gross/AER fixed until 10th September 2008.

Coventry Building Society is today re-launching its market leading fixed rate savings bonds and increasing the rates from 6.55% to a top paying 6.61% (AER/gross pa).

Leeds Building Society is set to launch its new and innovative Inflation Buster Bond, which is guaranteed to deliver a return of 3.00% greater than inflation, based on the Retail Price Index (RPI).

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.

Leeds Building Society has launched a new 3 year fixed rate account to compliment its existing range of fixed rate bonds, all of which offer a highly competitive rate of return combined with the peace of mind provided by access to some of the funds, without notice or penalty.

Savers with Skipton Building Society continue to benefit from the effects of rising interest rates as the mutual today announces even higher returns on its Pick ‘N’ Fix Bonds. With all rates at 6.30%, the one, two and three year products are guaranteed to be a competitive investment.

Commenting on the spate of rate rises in the bond market, Kevin Mountford, head of savings at price comparison website moneysupermarket.com, said: “Further rate increases in the bond market could result in other providers becoming shaken and stirred.

Activity at Wimbledon might have come to a standstill but Coventry Building Society is still serving up great rates for its savers.

Leeds Building Society has launched a market leading 2-Year Fixed Rate Bond paying 6.50% AER until 31 August 2009, with instant access to up to 25% of the funds without notice or penalty, at any time.

Leeds Building Society has launched a new 1 Year Fixed Rate Bond paying 6.20% AER on balances of £50,000 and above with access, without notice or penalty, to 25% of the amount invested at any time.