Fixed bonds on the up

13 April 2012

FIXED rate bonds are on the way up, as predicted in Money Mail last week. Woolwich is bringing out a six-month bond from April 5 paying 3.92% after 20% savings tax (4.9% before tax) on a minimum £500.

Birmingham Midshires launches four new bonds today. It will pay 4.04% (5.05%) on a minimum £1 fixed for two years for annual interest or

3.95% (4.94%) for monthly interest. The three-year version pays 4.08% (5.1%) on annual interest or 3.98% (4.98%) for monthly interest.

A four-year bond will pay 4.32% (5.4%) and a five-year version 4.4% (5.5%) if you take interest once a year. The rates on the monthly income version are 4.22% (5.27%) and 4.3% (5.37%) respectively.

The bonds put Birmingham Midshires among the best payers. Northern Rock pays the same on its two and three-year bonds.

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