This one is for people who have money in their bank but at a pathetic bank rate will defi suit some pensioners out there. Did see similar deals before and the only disadvantage of this deal is that you have to lock in the money for the term. so Invest sensibly.
This is a limited issue bond which gives you a fixed rate of interest over an agreed term. Our current issue offers a rate of 4.25% gross / AER* for 2 years.
You know exactly the rate of interest your investment will earn - 4.25% gross / AER*
You're completely protected against fluctuations in interest rates for the full term of your investment.
2 Year Fixed Rate Bond (Annual Interest) Request an application
£1 + Withdrawals are allowed subject to a 90 day loss of interest on the amount withdrawn. Annual Interest Rate Gross p.a./AER*: 4.25%
Interest rates effective from 07/05/2009
Things you need to know
You can invest between £1 and £10 million. (£20 million for joint account holders)
Your money is tied up for the full term, so you should only invest if you're confident you won't need access to your money during the term.
The term of the account will run from the date of the first deposit. Interest is calculated daily and is paid annually.
Each issue of this type of bond has a limited amount of money that can be invested in it, so we urge you to invest before the issue is fully subscribed.
To take full advantage of this offer, your inital deposit should be for the full amount you'd like to invest.
You might be interested in our 2 Year Fixed Rate Bond (Monthly Interest