100,000 by the FGDR, the French deposit protection scheme. Interest can high interest investment bonds paid monthly or annually. Open an account singly or jointly. Unlimited withdrawals without restriction or loss of interest.
Interest can be paid monthly or at maturity. No withdrawals before the end of the term. Interest can be paid monthly, quarterly or at maturity. Savers open one account with Octopus cash who then spread the money across some of the best challenger bank rates around. At the end of the term savers can either withdraw money or allow Octopus Cash to automatically switch accounts to the best rates on offer. Gross is the interest you will receive before tax is deducted.
AER stands for the Annual Equivalent Rate and illustrates what the interest rate would be if interest was paid and compounded once each year. Capital protected deposit plan with the potential to mature after years 3, 4, 5 and 6. Also available for Cash ISA and ISA transfer. Important Information: Structured deposits offer you the potential to earn higher returns than you would with a regular savings account. Your returns are based on the performance of an index or commodity.
When trying to save money for the future, there are several options open to cash savers. Options include instant access savings accounts, easy access savings accounts, notice savings accounts, fixed rate bonds and structured deposit plans. With interest rates at the time of writing at all time lows many savers are looking for a range of best saving plans. A fixed rate bond is a way of gaining a fixed rate of higher interest on your savings for a fixed period of time, typically between one and five years.
Generally speaking the longer your savings can be locked away, the higher the interest rate you can get on your money. Some providers offer fixed rate bonds within a Cash ISA so you benefit from tax free interest returns. Fixed rate bonds normally have a minimum subscription age of 18 but some providers offer fixed rate bonds to younger savers. How do Fixed Rate Bonds Work?