hi could you please tell me what is the difference between Term / Bond accounts?
which is more secure?

do you think the bond is risky with the situation on the stock market please?

thanks

A term is simply a period of time, like a school term - remember school? A bond, in banking terms, means an account that you deposit money one time. You usually cannot add or take away cash from a bonded account, which will be set up for a term (see previous note). The fact that you have handed over cash for a set term, in a non-flexible account, means that the bank will reward you with a higher rate of interest, while they use that money to generate more cash.

The stock market has always been a gamble, therefore do not put money in that you really can't afford to lose. It's that simple.

hiso do you think the Bonds are a risk in that moment please?is it conected with the market?
I am asking about the Nationalwide Fixed rate Bonds(for a one year fix rate bond-net 5.20%) , or the Abbey Fixed Rate reward saver with the same interest.
Do you thing its a secure savings accound please? Which one is better to choose please?

thank you

Nationwide and Abbey are both well established. What amount do you have to deposit?

I've been puzzling over this for a few weeks and thought I had it sussed. I took the day off work and went into the Nationwide today to open a 6 month bond only to find they'd changed the rates yesterday! Aargh. Back to square 1. I have the deposit for a house £28K to squirrel away. I was thinking of a 6 month account. Any advice?