2 Year Fixed Rate Bonds
What are the benefits of a 2 Year Fixed Rate Bond?
There are several reasons why you may want to choose a 2 Year Fixed Rate Bond (also known as a Fixed Term Deposit). If you have a lump sum that you are prepared to lock away for two years, you could benefit from an interest rate that is typically higher than that of an ISA or Easy Access account with a 2 Year Fixed Rate Bond. Although you won’t have access to your savings until the end of the two years, you’ll benefit from a competitive rate compared to more flexible savings accounts.
See if a 2 Year Fixed Rate Bond is good for you:
You don't need access to your savings for two years
You want to know how much interest you'll earn at the end of the two-year term
You want to protect your savings from a possible reduction in interest rates over the next 24 months