Monday 11 December 2017
See who offers the best deals on fixed rate savings bonds

The money in the account is tied up for a specific length of time, usually between 1 to 5 years and you are not usually allowed to add further funds to your initial deposit once a bond has been opened.

Most providers do not permit any type of withdrawal before the maturity date and if withdrawals are allowed then a penalty will normally be incurred.

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