Working in the financial industry for over 30 years, Rachel Thrussell is the leading independent expert on UK savings products. Her views are constantly in demand from both the industry and the press.
What is the best rate on an ordinary bond/ISA for five years with monthly interest please?
If you’re looking to save a lump sum and are willing to lock it away for a number of years, a long-term bond could be the best solution to secure a guaranteed return. In this case, the best five-year bond that pays interest monthly comes from Secure Trust Bank, with its 5 Year Fixed Rate Bond paying 2.68% on a monthly basis from a minimum investment of £1,000.
Or, if you want to maximise your tax-efficiency, the top-paying five-year ISA comes from Shawbrook Bank, with its 5 Year Fixed Rate Cash ISA Bond Issue 12 paying an annual rate of 2.23% on a monthly basis, provided you have at least £5,000 to invest.
|1 Year Fixed Rate Bond||1.45%|
|2 Year Fixed Rate Bond||1.63%|
|3 Year Fixed Rate Bond||1.85%|
|4 Year Fixed Rate Bond||2.13%|
|5 Year Fixed Rate Bond||2.16%|
|13 November 2018|
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