Fixed Rate Bonds.

Many people in their fifties have struggled to get decent returns on their savings since UK interest rates dropped to 0.5% but for those who do not need instant access to their savings some great interest rates are available with Birmingham Midshires currently paying some of the highest interest rates on fixed rate bonds and even offering a monthly interest payment option for those who are looking for an income from their savings. All the fixed rate bonds below are covered under the UK's financial services scheme. In respect of deposits, an eligible depositor is entitled to claim up to £85,000. For joint accounts each account holder is treated as having a claim in respect of their share so, for a joint account held by two eligible depositors, the maximum amount that could be claimed would be £85,000 each (making a total of £170,000). The £85,000 limit relates to the combined amount in all the eligible depositor's accounts with the bank including their share of any joint account, and not to each separate account. Last update 26/05/2011.

BIRMINGHAM MIDSHIRES 5 YEAR FIXED RATE BOND.	5.05%	£1	CHOICE OF HAVING THE INTEREST PAID MONTHLY OR ANNUALLY.
WEST BROM BUILDING SOCIETY 4 YEAR FIXED RATE BOND.	4.31%	£1,000+	ANNUAL INTEREST.
SECURE TRUST 3 YEAR FIXED RATE BOND.	4.30%	£1,000+	ANNUAL INTEREST.
KRBS 2 YEAR FIXED RATE BOND.	4.00%	£100+	ANNUAL INTEREST.
BARNSLEY BUILDING SOCIETY 1 YEAR FIXED RATE BOND.	3.40%	£1,000+	ANNUAL INTEREST
SAINSBURYS	3.40%	£5,000+	MONTHLY OR ANNUAL INTEREST.

If you need instant access to your savings, a fixed rate savings bonds may not be a suitable product for you as early withdrawal may not be possible or may result in penalties so check the terms carefully before applying.