Barclays has launched a range of one, two and five year fixed rate bonds paying up to 5.25%. Barclays top paying bond will be for five years paying 5.25% gross p.a. / AER with a minimum investment of GBP500.
Reportedly, for customers who want a shorter term, a two year fixed rate bond will be available paying up to 4.25% gross p.a. / AER for balances above GBP40,000 and 3.75% gross p.a. for balances from GBP500. Finally a one year bond paying up to 3% gross p.a. / AER will be made available.
Andy Gray, head of mortgages and savings, Barclays, said: “The market saw unprecedented levels of interest from savers last October who were looking for low risk, short term bonds to ride out the worst of the recession. Now, with base rate still at an all time low savers are looking for risk free ways to grow their capital or maximise the income earned from their savings.”
“Our range of bonds will appeal to savers who want to secure a high fixed interest rate from just GBP500, making them really accessible to everyone. Our leading account paying 5.25% for five years will appeal to customers who are happy to tie-up a proportion of their savings for this time. The two year bond complements the range giving a strong rate and accommodates savers who are not in a position to lock away their savings for longer,” he added
