Fixed rated bonds plunge

CONSUMERS with money saved in fixed rate bonds face a sharp drop in income when the products mature, research suggested today.

By The Newsroom

Published 3rd Jul 2010, 12:11 BST

Updated 3rd Jul 2010, 12:28 BST

Around 5.5 million fixed rate bonds, worth 110 billion, will mature during 2010, but savers coming off deals are likely to face a steep drop in the returns they can earn on their money.