Fixed rate bond

mike22

Stavros wrote: »

Its not a bond. Its a fixed rate savings deposit account, for some reason they tend to call them 'Bonds'. Yes they have the full FSCS cover

So what is the difference between fixed saving and bond?

sh856531

So what is the difference between fixed saving and bond?

As I understand it, a bond is basically a way of buying government, or even a company's debt for a fixed return over a fixed period of time.

In the governments case they are considered to be very safe, but I'm not sure how it works with corporate bonds

Thanks

S

ahai1

It is not likely that the interest rate will go up much for the forseeable future so it's a good idea to lock your money into a good rate.

The bonds from Birmingham Midshires and Coventry only require £1 to.

With those bonds can people put down much you need to put in? Also what method? As I would perfer bank transfer rather then a cheque.