Clydesdale Bank has launched a new one-year fixed-rate bond paying interest at 4.5%.The bond is exclusively available to customers also taking out an AXA investment product with the bank.Savers must invest at least £2,000 in the bond, and the equivalent in an AXA investment product.No withdrawals can be made from the bond. Customers who [...]

More: Clydesdale Bank launches 4.5% one-year bond

So they haven't launched a one year Fixed Rate Bond have they. They have created a one year Fixed Rate Bond that is to be used as an incentive for customers who are taking out an AXA investment product.

I know it is a semantic but you can only access this bond if you have £4,000, £2000 to invest in the AXA product and £2,000 to invest in this Fixed Rate Bond.

So although it looks like a good rate for a Fixed Rate Bond there at a number of hoops to be jumped through.

Yup it's always good when someone adds real value to the forum.