|    FM Home   |    FM News   |    FM Forum   |    FM Blog   |   
23rd of November 2010
|    Banking  |   Insurance  |   Property  |   Mortgages  |   Economy  |   Investments  |   Credit Cards  |   Debt  |   Loans  |   Pensions  |   Companies  |  
March 18, 2009    

Moneysupermarket.com: Fixed-rate bonds improving

Bookmark and Share

by David Masters
Moneysupermarket.com: Fixed-rate bonds improving

The interest paid on fixed-rate bonds is improving, according to new research by Moneysupermarket.com.

The price comparison site found that the top five fixed-rate bond products pay an average interest rate of 3.89%, despite the Bank of England’s 0.5% base rate.

In the past 12 months, the margin between the base rate and the best bond rates has been this high only once before, in November.

Kevin Mountford, Moneysupermarket.com’s head of banking, said: “Savers haven’t had much to be cheerful about of late, but some green shoots could now be emerging.

“While the leading rates are far from last summer’s giddy heights of seven per cent or more, providers are showing they are keen to draw in deposits to shore up their books.”

Current market leaders for fixed-rate bonds are the Bank of Ireland and ICICI, both paying 4.1% interest.

Discuss this in the Finance Markets forums

Story link: Moneysupermarket.com: Fixed-rate bonds improving

Financial Services:

Related financial stories to: Moneysupermarket.com: Fixed-rate bonds improving:
Previous: «
Next: »

Visited 2670 times, 1 so far today

No Comments »

No comments yet.

RSS feed for comments on this post.

Leave a comment

Tags: , , , , , , , ,