Get the best fixed term deposit rates today!

Banks and Building Societies are always chopping and changing their products so it can prove to be quite a task to keep up with who offer the best fixed term deposit rates.  Not anymore!  We introduce you to a couple of tools that will equip you with the knowledge to seek out the best rates whenever you need them.

Fixed Term Deposit accounts are the safest way to keep your money from being spent as it is locked away for a set period of time earning you a nice little sum from interest.  But how do you know where to find the best value fixed term account?

A good place to start is www.moneyfacts.co.uk.  You can run a comparison search for fixed term accounts on this site and you will get back a list of accounts on offer in the UK.  These results will be ranked from best to worst so instantly you will be able to rule out a number of financial institutions.  At the time of writing the best rates for a 1 year fixed term deposit account was 3.51% AER but  rates are constantly changing so keep checking back every time your account is nearing the end of its term.

Another website that compares the best fixed term deposit rates on the market is www.fairinvestment.co.uk.  You can choose the length of time you wish to lock your money away for and terms range from 1 year to 5 years.  You will then be returned a list of the best accounts for your needs.  At the time of writing you a 5 year fixed term account offered 4.25% AER each year.  Once again though, these rates are liable to change regularly so return regularly to find the best place for your money.

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