Savings Bonds

Abbey Savings today advises customers to take advantage of the unusual market conditions which has given rise to some excellent fixed rate savings deals. Due to recent wholesale market conditions, LIBOR has diverged from the base rate. Typically LIBOR operates at rates similar to the base rate.

Saga Personal Finance has announced that it is now giving customers an even wider choice of high-interest savings products, with the new issue of two fixed rate bonds. It is also increasing the interest rate on its online savings account to 6.30% AER.

Commenting on SAGA’s withdrawal of its one year fixed rate bond, Kevin Mountford, head of savings at price comparison website moneysupermarket.com,said: “Frankly I am not surprised we are seeing fixed rate bonds being removed.

Paul Green Head of Saga Communications said: “Since the recent turmoil in the savings market, we have been astounded by the number of older people looking to trusted brands like Saga in which to place their hard earned savings. At one point we dealt with as many applications in one hour than we would normally expect to handle in one week.

Britons are considering switching over £57 billion worth of savings to take advantage of strong rates caused by global financial market conditions, according to research by Abbey Savings.

Abbey Savings has announced the launch of two new fixed-term savings accounts for their customers looking for a guaranteed return on an amount of money they can lock away until the end of the year. This is a great time for savings and these new products have been developed to allow customers to benefit from the current market conditions.

Birmingham Midshires has announced the launch of a new 11 month Fixed Rate Bond. Consistently high in the best buy tables, Birmingham Midshires has continually pushed rates of return up for savers, forcing competitor products to follow suit.

With global financial markets experiencing some of the worst volatility for 20 years, Scarborough Channel Islands Limited (SCIL) has launched a market leading

To mark a new chapter in its history, following its merger with Portman, Nationwide Building Society will launch a range of Fixed Rate Bonds paying market leading interest rates of up to 6.70%.

On Monday 3rd September, Bradford & Bingley will launch two market-leading fixed term bonds, giving savers the opportunity to take advantage of highly competitive rates with the added security of a guaranteed fixed return on their savings.

Leeds Building Society has launched a new highly competitive fixed rate bond paying 6.40% gross p.a./AER fixed until February 2010.

Leeds Building Society’s Inflation Buster Bond has proved so popular with customers looking for a real return, the Society has launched a second issue that is guaranteed to beat inflation by 3.00%.

Alliance & Leicester Savings and Investments is launching a new, limited edition 1 Year Fixed Rate Bond with a great fixed interest rate of 6.55% gross pa/AER, providing the best rate for a one year Fixed Rate Bond on the High Street.

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’s Inflation Buster Bond has proved extremely popular as customers look to secure a return that is guaranteed to beat inflation by 3.00%.