08:09 09 September 2013
Fixed rate bonds, also called fixed rate savings account or fixed rate savings bonds are becoming more popular investment type because of higher interest rates compared to the regular savings accounts plus the guarantee that your money will earn a predetermined interest after one or two years of investment.
Longer fixed period will more likely offer higher interest rate. Thus, for those who can afford to have their money tied up for an extended period, say five years, can benefit from achieving the best possible rate.
Know if fixed rate bond is the right type of investment for you.
If your saving has been sitting idle in the bank for quite some time and you are itching to find a higher interest rate paying investment, then it might be time to try fixed rate investment.
Finding the best fixed rate bonds
Individuals have varying preferences and priorities. The following points can help you assess the right fixed rate bond account for you:
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