Whaat is a fixed rate bond?is there any risk?

by , 3 months ago•Open Question
Related:Personal Finance•Money•Savings Accounts

is there a fixed rate savings account in addition to fixed rate bond?if so what is the difference please?

Answers (1)

Hi sparks, and welcome to the forum.

A fixed rate bond is a fixed rate savings account, sparks, and is minimum risk, as these are generally covered by the UK's Financial Services Compensation Scheme for up to ?85,000 per person per institution. I agree the term 'bond' is confusing! :-)

by fruitcake, 3 months ago

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