For customers who want a shorter term, a two year fixed rate bond will be available paying up to 4.25 per cent gross p.a. / AER for balances above £40,000 and 3.75 per cent gross p.a. for balances from £500. Finally a one year bond paying up to 3 per cent gross p.a. / AER will be made available.
Andy Gray, Barclays Head of Mortgages and Savings said:
"The market saw unprecedented levels of interest from savers last October who were looking for low risk, short term bonds to ride out the worst of the recession. Now, with base rate still at an all time low savers are looking for risk free ways to grow their capital or maximise the income earned from their savings.
"Our range of bonds will appeal to savers who want to secure a high fixed interest rate from just £500, making them really accessible to everyone. Our leading account paying 5.25% for five years will appeal to customers who are happy to tie-up a proportion of their savings for this time. The two year bond complements the range giving a strong rate and accommodates savers who are not in a position to lock away their savings for longer."
Customers taking out a fixed rate bond with Barclays can choose whether they want a regular income or grow their capital.
