What is a Savings Bond?
A Savings bonds is a bond that offers a rate of interest, often fixed, for the term of the bond e.g. 5 years..
If you make a withdrawal within the term, you are often penalised with either a lower interest rate or return. It is important therefore to invest in a saving bonds for a period you feel comfortable with. Savingsbonds.co.uk helps you compare a selection of the best savings bond rates through our easy to use best buy tables.
The interest you receive from savings bonds is taxed at your highest marginal rate. So, for example if you are a basic rate tax payer you will pay the lower rate of tax.
If you are looking for more information on investing in bonds and you have more than £20,000 to invest it may be worth speaking to one of our investment advisers.
Investing your money in bonds can be a very good way of increasing the value of your investment over a fixed period of time.