fixed rate bonds and fixed rate savings
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Re: fixed rate bonds and fixed rate savingsIt really depends on the context. If you are talking about products offered by high street banks, then yes, a fixed rate bond is the same as a fixed rate savings account, where you lock your money away for a fixed length of time in exchange for a favourable interest rate.(Original post by killercow292)
are fixed rate bonds and fixed rate savings the same thing? -
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Re: fixed rate bonds and fixed rate savings(Original post by michael321)
It really depends on the context. If you are talking about products offered by high street banks, then yes, a fixed rate bond is the same as a fixed rate savings account, where you lock your money away for a fixed length of time in exchange for a favourable interest rate.
Yes thats the context, thanks for clarifying! have some rep
