FIXED RATE SAVINGS BOND FROM NATIONAL SAVINGS

National Savings announced the introduction of its new Fixed Rate Savings Bond from October 29 offering it has a choice of four fixed rate terms - 6-months, 1-year, 18-months and 3-years. Also, you will be able to choose monthly or annual interest and whether the interest is to be paid out to improve income or added to your Bond so that your savings grow. Interest rates for the annual interest option run from 5.45% p.a. gross up to 6.5% p.a. gross depending on the amount invested.

National Savings' commercial director Christopher Moxey commented:

"Our Fixed Rate Savings Bonds provide four new ways to invest with National Savings. The new 6 month term will help many savers make their savings work harder for them without committing to a long term investment. The 1-year, 18 month and 3-year terms provide investors with even more choice and certainty over their investment returns.

"National Savings has launched nine new products - including Fixed Rate Savings Bonds - in the past 6 months. All contribute to our ambitious programme of modernisation, providing savers throughout the UK with even more reason to invest in National Savings."

Benefits of the Fixed Rate Savings Bond include:

• Invest from as little as £500, up to a total of £1 million

• choose how often you want your interest to be paid. Either: monthly; or annually with a final payment at the end of the term

• Interest paid out or added to the Bond

• Buy your Bond direct by post or by telephone or at any post office

• Access to your money at the end of each term with no notice and no penalty or early access with penalty equivalent to 90 days' interest

• 100% security for your capital - backed by HM Treasury

Other National Savings Products - here

Deposit Account	National Savings	Stocks and Shares
Property Investment	Overseas Property	Pensions & Retirement
Annuity & OMO	ISA's	Assest Investment
Credit Cards	Personal Loans	Investor Protection