Best fixed rate bonds

If you have to invest a lump sum and you do not really need to have access to your money could a fixed rate of the loan account savings might be for you? Income payments are often based on the FTSE 100 Index and can provide guaranteed income payments.

If you are not at all sure about the suitability of the type of investment, both in terms of their goals and risk profile, you should be from an independent financial advice.

Income yields vary and are only estimates. The obvious choice for savers in this case would be a one-year fixed-rate bonds because they typically offer higher interest rates than instant access savings accounts. Their sentence is fixed so you know precisely how much your interest in your money. But I personally do not want to be tied up my money for such a long period when it is inevitable that the policy rate should rise to at this time. The rates are just not enticing enough. As a final point, you should remember that, while fixed-rate loans are large, a standard savings account may suit your needs better.