Fixed Rate Bonds - when can you "fix" the rate on a product

QTPie

Hi

We are currently selling our house, should be completelying before the end of the month. I am currently looking into options for putting the proceeds of the house sale into (we wont touch it for 6 months or so, but I don't want to tie it up for longer at this time). So I am currently looking at fixed rate 6 month bonds.

When can you open one and "lock in" the current rate (am worried about savings rates falling further)? Will it only lock in when I put the full deposit in there or can I open one up (at any point this month) with a minimum deposit to ensure that I get the rate for that product?

Thanks
QT

tradetime

It varies from provider to provider, and issue to issue, you may be allowed to open and add to your bond as long as it is still being offered to subscribers. Others will only allow one deposit, you just have to read the T&C or enquire of the provider.