Beware the fixed rate bond lock-in!

October is the peak month for fixed rate bonds to mature, and when they reach the end of their term some banks and building societies dump your money into accounts with really pathetic rates of interest. Frequently this rate will be a lot lower than you can get elsewhere and, when you try to take your money out, you can lose up to four months interest.

When you know your fixed rate is coming to the end of its term, you must act quickly or you could lose up to 4% interest on your savings.

To find out who is doing what with your money, please click on the link below.

Beware the fixed rate bond lock-in.pdf