Sorry for the delay in updates, I have been busy getting Saver Scene - money saving forum up and running, like all my sites it's unbiased and is about getting the best deals and the cheapest prices. If you have any tips feel free to Register and add your advice. before we go onto the best interest rates for term bonds I have to mention this deal: Highest interest rates on current accounts & Savings, up to 6% on savings, Alliance & Leicester

now onto this month's news, savings interest rates have dropped again ICICI Bank's 3 year term bond is down from 4.35% to 4.15% but is still the best, just edging out Lloyds TSB with 4.1%. However for their 1 year term bonds they've increased interest rates from 2.75% to 3% making it equal with nationwide.

Comparing the best interest rates for 3 years, 2 years & 1 year term bonds:

#	Financial Institution	Rate	Term	Transfer in*	Min^ £
1	ICICI Bank: 36 months fixed at 4.35%.	4.15%	3 Years	YES	1000
2	Lloyds TSB: eBond - Annual Interest 3 Year Term.	4.1%	3 Years	YES	1
3	ICICI Bank: 24 months fixed at 3.7%.	3.7%	2 Years	YES	1000
4	Halifax: Fixed Rate Halifax Web Saver.	3.55%	2 Years	YES	500
5	Northern Rock Fixed Rate Bond issue 389	3%	1 Year	YES	1+
6	ICICI Bank: 12 months fixed at 3%.	3%	1 Year	YES	1000

*The account lets you transfer money in.^Minimum needed to get best interest rate.

Labels: Accounts, Fixed term savings accounts, Interest