Try a Shorter Fix for More Income [Scot Region Edition 2]

Daily MailMay 14, 2009

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Summary


FIXED-RATE savings accounts are paying headline rates of up to 5 pc before tax to those willing to tie their money up for three years.

But experts say shorter-term bonds should prove a better option because interest rates are expected to rise over the next two years.

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Extract


Try a Shorter Fix for More Income [Scot Region Edition 2]

New bonds from Newcastle BS pay 2.98pc after tax (3.61pc before) if you tie your money up for one year, but a higher 3.28pc (4.11pc) if you are happy to leave it untouched for th...

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