New fixed rate savings bonds from Barclays

Barclays today launched a new set of fixed rate savings bonds paying up to 5.25%.

The new fixed rate savings bonds are available for 1, 2 and 5 years.

The top rate of 5.25% gross p.a. / AER is available on the 5 year savings bond with a £500 minimum investment.

The other savings bonds are

• 2 year fixed rate – 3.75% gross p.a. for balances from £500 and 4.25% gross p.a. / AER for balances above £40,000
• 1 year fixed rate paying up to 3% gross p.a. /AER.

The bonds are available to UK residents aged 18 or over.

No further deposits are permitted, neither are withdrawals before maturity.

Those taking out a bond can choose to receive a regular income or grow their capital.