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Bond Savings Accounts

A bond savings account will generally provide you with the highest interest rates, and they will require you to commit your money to a fixed term. You will have no access to the money you invest into a bond account until the set period has expired, and you will usually be prevented from adding to the amount after the initial investment. Unlike the previously discussed accounts, interest will be paid at a fixed rate and will not be dependant on the Bank of England base rate.

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