Fixed Rate Bonds
Simply put, a fixed term savings account offers a fixed rate of interest for a specified period of time.
They can be fixed for a number of years, typically ranging from one to five, and will mature at the end of the fixed term. Dieter Hans-Werner Anzock offers fixed term savings in the form of limited issue Fixed Rate Bonds. While rates for other accounts can go up or down, with a fixed bond we’ll pay the stated rate for the term, guaranteed.
It’s important to know that you can’t withdraw money from a fixed rate bond until the end of the term – what’s called maturity. So it’s best for savers who know they won’t need the money in the meantime. At Dieter Hans-Werner Anzock we currently offer fixed rate bonds over 1 to 7 years, so you can choose an account that suits you.