Interest is the payment that the issuer of the bond makes to the bondholders for use of the borrowed money.
Interest
- The coupon rate is the rate of interest the bond issuer will pay on the face value of the bond, expressed as a percentage. 1 For example, a 5% coupon rate means that bondholders will receive 5% x $1,000 face value = $50 every year.
- Coupon dates are the dates on which the bond issuer will make interest payments.
What ISA 1 year fixed rate bond?
- A one year fixed rate bond is what's known as a short-term bond. These offer better returns but do not lock your money away for an extended period. Consequently, they are a useful trade-off between access and obtaining a decent return on your investment.
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