Saving Bonds or Term Accounts

These accounts are ideal for people who want to invest their money for a longer term. Usually a lump sum is invested for a period of 12 months or longer and a fixed rate of interest is paid on the account. The interest earned is subject to tax. If you are able to commit to a longer term, higher interest is achieved.

There is a downside to these accounts... they do not permit further deposits until the end of the term, at which point the fund can be reinvested in the bond or fully withdrawn. People who invest large sums of money may decide to use the interest paid on the bond to aid their income and continue reinvesting the lump sum.

The amount which is deposited is completely guaranteed and can be locked into this type of account for up to 5 years. Saving Bonds or Term Accounts are widely available on the High street and via the Internet.

Download the Saving Accounts PDF Guide here - see our other free PDF guides here

Guide Contents

Why Save?
Tips to help you start saving
The different types of savings accounts
Instant Access
E-Saver
Regular Savings Account
Notice Accounts
Affinity Savings Accounts
Ethical Savings Accounts and Charity Savings Accounts
Cash ISA's
National Savings & Investments
Children's Savings Accounts
Term or Bond Savings Accounts
Guaranteed Equity Savings Account
Frequently Asked Questions
Further help with Savings Accounts

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