Bond shelf-life hits new low |
 |
 |
 |
| News - Funds | |||||||||||||||||||||||||||
| Wednesday, 18 November 2009 15:15 | |||||||||||||||||||||||||||
|
Savers looking to take out a fixed rate bond need to act fast after the average bond shelf-life fell to a new low of 23 days last month. At its peak in March 2006, the average shelf-life of a fixed rate bond was 158 days.
Source: Moneyfacts.co.uk 16.11.09 Michelle Slade, spokesperson for Moneyfacts.co.uk commented: “The demand for fixed rate investments continues to increase as savers look to maximise returns. “Such high demand means that bonds are being fully subscribed quickly, causing providers to pull many of the most competitive deals and replace them with new issues. “Historically the average shelf-life of a fixed rate bond was around 120 days, but this has fallen sharply as base rate has plummeted. “Moneyfacts research shows that 34% of all savings searches are for fixed rate bond with the average amount invested standing at £40,076. “Savers with maturing one year bonds will have seen the maximum interest rate available fall from 6.70% last year to 3.95%. “Savers with average amount invested will have seen the interest earned on their money fall by £1,157 to £1,612. “If you want to secure the best deal, then act fast.”
|
AXA Wealth International, the offshore investment arm of AXA Wealth, has launched the new Legacy Planning Bond…
Today sees the transformation of Kent Reliance Building Society into OneSavings Bank Plc, a bank run on…
Insurance, pensions and investments specialist NFU Mutual has appointed Paul Glover as Chief Investment Manager (CIM) with…
The fine wine market started 2011 with a strong monthly performance with positive returns in January while…
Sentiment towards global commercial real estate continues to improve with Latin America and Asia leading the way…
Investment in venture capital fell 48% in 2009, down from £1.30 billion in 2008 to £666 million…
A large number of people in the UK who lost money to a scam in 2010 were…
The proven long term performance of UK residential property and a 6% rise in average rents in…
Global cross border investment increased by 60% year on year and accounted for 40% (US$130 billion) of…
The amount saved or invested each year by households in the UK with an income over £100,000…
Two leading UK banks are to increase the amount available for renewable energy investments as demand grows…
Investors are right to be wary as a result of the current political turmoil in Egypt with…
RSS Feed