How long do Bonds last?
A savings Bond can be any period – most common are one, two or three year terms. During this time you'll restrict access to your money but could be rewarded with a higher rate of interest.
Can you access or add to your funds during the term?
Only under exceptional circumstances can a fixed term bond be broken during the term. Therefore, before you take out a fixed term bond, please consider carefully whether you will need to use your funds during the fixed term.
Generally, the initial deposit is the only amount you’ll be able to save in a Bond.
What’s the interest?
Bonds will give you a fixed rate of interest for the entire term, which you'll lock into when your account is opened.