Are savings bonds covered just like savings accounts?

chopperharris
chopperharris Posts: 1,027 Forumite
in Savings & investments
Hi I am wishing to put some somey into 1,2,3 year saving bonds with either firstave or kedge.....35k in each.

Are they covered like for like , ie up to 35k just like a regular account , or is there different rules for savings bonds like these?

tia
Have you tried turning it off and on again?

Comments

  • student100
    student100 Posts: 1,059 Forumite
    Combo Breaker First Post
    The term "bonds" for these accounts is usually a bit confusing - "fixed-rate, fixed-term savings account" would be more accurate. AFAIK they're treated exactly the same as other savings accounts.
    student100 hasn't been a student since 2007...
This discussion has been closed.
★ ★ ★ Meet your Ambassadors

Categories

  • All Categories
  • 343K Banking & Borrowing
  • 250K Reduce Debt & Boost Income
  • 449.6K Spending & Discounts
  • 235.1K Work, Benefits & Business
  • 607.8K Mortgages, Homes & Bills
  • 173K Life & Family
  • 247.8K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 15.9K Discuss & Feedback
  • 15.1K Coronavirus Support Boards