Fixed bonds are an excellent investment if you require a reliable rate which is guaranteed at the end of the investment term (investment terms are the amount of time you agree to invest for, and are usually one year, three years or five years but you can get longer terms like ten years). If you have decided that fixed rate bonds are best for you, here are some places to find the best deals.
Fixed rate bonds are considered a safe investment and carry no risk because you are guaranteed to have your money back at the end, but because of this the rates are lower.
In the eyes of many, the only way to get the best bank rates is from the banks themselves. This is true to an extent, as you can go and ask for information from those issuing the bonds and their information tends to be the most up-to-date. This is also true in the sense that if you have been a customer for a long time, you will get preferential rates.
Internet comparison sites
Some Internet websites give online advice and savings rates which are exclusive to web customers. The best fixed rate bonds can sometimes be found online through these comparison websites, because each company or bank tries to force down or up the price of their bonds and interest rates, so that they appear like the best option.
Some financial advisers, and especially those belonging to an agency, have exclusive deals with bond issuers. Hence, this means that you can get preferential rates or high interest. This is great in a sense because these deals are open to few people, and thus the bond issue is not sold out as quickly, but you have to remember that sometimes the cost of having the financial adviser to look over your savings and your options in the first place will mean that the higher interest rate that you get is effectively nullified. For example, with an advisor or broker, you may get an extra £250 a year on your savings amount, but the appointment and follow up itself may have cost £300.
Investment groups are great if you like to talk to people before you decide about best options for your high rate savings, or if you need more information about your bank savings rates. Getting advice from people in your situation is comforting and it gives you the chance to hear about good deals from those who have already signed up and have experienced them.