UK Money News

27th June 2008
Bonds offering 'best returns for a decade'
Bond investors are currently more likely to receive a good return on their money than at any time in the last ten years, according to a price comparison site.
Research conducted by moneysupermarket.com found that 13 providers are currently offering rates of over seven per cent on their bonds.
Kevin Mountford, head of savings at the site, said that this is the first time that so many bonds have offered this level of returns for over a decade.
He commented: "With the Post Office jumping on the seven per cent plus bandwagon, at 7.05 per cent, there are now 13 providers paying seven per cent or more on bonds. The last time we had this many was in 1998.
"Savers should now expect at least seven per cent on bonds and over six per cent on easy access savings. The question now is how high can rates go?"
The bonds deemed to be the best on the market by the site include Principality's Over 50s fixed rate bond and Birmingham Midshires' offering.
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