Savers looking for a guaranteed return over a fixed term and a low minimum investment should pop down to the Post Office where they have introduced a bond that offers just that.
The Post Office bond pays interest over a 12 month period at a rate of 7.05 percent and with a minimum investment of just GBP500 is accessible to pretty much everyone. As long as customers can leave the money intact for the year then they can earn a great rate of interest guaranteed. Such guaranteed investments are becoming more popular than ever now that the economy is in such a difficult position. Investors are looking for security rather than extravagant claims.
For anyone interested in what is an excellent savings and investment opportunity the bond can be invested in either direct at the Post Office Insurance counter, by phone or online and that GBP500 minimum investment amount is certain to make it very popular.
Two new offshore savings accounts have been announced by Alliance and Leicester, called the eSaver Offshore Notice 50 and eSaver Offshore Issue 2.
The issue 2 Alliance and Leicester Offshore savings account replaces the original one and now pays interest at 6.25 percent gross p.a, variable. The Notice 50 savings account is better suited to those who can keep the money in place, or at least give good notice on withdrawals. This one offers a 6.35 percent interest rate on balances of GBP25,000 and over, again gross p.a.
An Alliance and Leicester spokesman explained that it was customer demand that had brought these new savings accounts to the market. They combine excellent interest rates with flexibility and so meet customer requirements very well.
A new Halifax savings account, offering an outstanding 10 percent interest rate for regular savers will be made available for a limited period of just 6 weeks, beginning on Monday.
The stand alone savings account requires a minimum monthly deposit of GBP500 each month to qualify and will also pay out an extra 2 percent interest should the customer place an extra GBP5,000 in a specified Halifax savings account. This would add up to 12 percent AER, something that the savings market does not normally see.
A Halifax spokesman stood by this market leading savings account and supported the way it promotes the habit of regular saving. It is a key part of consumers financial planning and this level of interest certainly gets attention.
