Bond savers may end up losing money

Savers taking out fixed-rate bonds to give them better returns on their money could end up losing cash due to confusing variations over what happens when the deals end, a consumer help website has warned.

The relatively high returns offered by fixed-rate bonds are even more attractive as people struggle to make real returns on their cash because of high inflation and low interest rates, website Moneyfacts said. It called for an industry standard to be created to address what happens when the bond comes to an end, after finding significant industry variations.%VIRTUAL-SkimlinksPromo%