Taking out fixed-rate bonds could end up losing you cash because of confusing variations over what happens when the deals end, savers have been warned.

The relatively high returns offered by fixed-rate savings 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. Sylvia Waycot, financial expert at moneyfacts.co.uk, said: "Fixed-rate bonds are an attractive option for anyone willing to tie their money up for a set period of time and the operating rules for the life of the bond are very clear. However, what happens at the end of the term is less clear and would benefit from an industry standard. "Until that happens we are left to the mercy of a varied and confusing journey that could end in a loss of money."...Read more here: Savers 'could lose money in fixed-rate bonds' - Telegraph