Savers traditionally take out fixed-rate bonds to secure a guaranteed interest rate on their nest eggs for anything from one to five years. But a growing number of short-term bonds are enticing savers into fixing for just a few weeks or months. Most short-term bonds are available only on savings platforms, which are websites where you can hold a number of savings accounts in one place. That makes it easier to switch between savings accounts on a more regular basis and makes the idea of short-term bonds more palatable. Among the best is a three-month fixed-rate bond from SmartSave via savings platform Flagstone, which has an interest rate of 5.17 per cent.

Source: Daily Mail November 01, 2023 13:28 UTC