New one year bond to look out for

Froglet

Here is the info,i shall be applying for it for sure.

Barnsley BS

1 YEAR ONLINE BOND and 1 YEAR FIXED RATE BOND both paying 3.05% will be launched w.e.f. 14.10.10 1 YEAR ONLINE BOND: a fixed term internet operated account maturing 31.12.11 with a minimum investment of £100 paying 3.05% on maturity (3.01% monthly). No earlier access permitted. Additions whilst issue remains open. 1 YEAR FIXED RATE BOND: a fixed term telephone and postal operated account maturing 31.12.11 with a minimum investment of £100 paying 3.05% on maturity (3.01% monthly). No earlier access permitted. Additions whilst issue remains open.


Let's hope this means one year, and othere fixed rate bonds are on the up at last.

Reaper

Froglet wrote: »

Let's hope this means one year, and othere fixed rate bonds are on the up at last.

Let's hope so but with a rate just 0.05% higher than the competition it is not going to set the market on fire.

premierfella

Is anyone else thinking that financial institutions are increasingly playing "fast and loose" with their definitions of years on fixed rate bonds.

This "1 year" bond (opened today) would be over 14.5 months rather than 12. Bank of Cyprus UK offer 3.16% AER on their 15 month bond (available from tomorrow), which might be a better interest rate comparison?

Loughton_Monkey

My wife has a 2 year bond with Barnsley that was 'best in market' at the time of purchase. Monthly Interest. Paid on the nail. Was easy to set up over Internet.

So if it suits your purpose, go with it.