Abbey Guaranteed Income Bond launched

www.moneynews.co.uk > Banking > Abbey Guaranteed Income Bond launched

Abbey Guaranteed Income Bond launched

Wed 18th Jan 2006

Abbey has launched its eighth Guaranteed Income Bond investment.

The latest version of the Abbey Guaranteed Income Bond has been launched, offering customers a guaranteed fixed rate of 3.8 per cent per annum.

Running over four years, the bond guarantees capital return after this period and will pay monthly, quarterly or annual income payments.

For those wishing to receive monthly or quarterly payments, the rate falls to 3.72 per cent.

Pak Chan, head of investments marketing at Abbey, said the bond "has proved incredibly popular" and that it provides the "certainty of regular income for the next four years".

The closing date for applications for the Abbey Guaranteed Income Bond is February 7th, or earlier if the product sells out.

Related News : Banking
	Young people 'should be taught to save'
	Families 'should plan for their children's future
	Switching bank accounts 'not as easy as banks portray'
	Brits facing finance difficulties 'should talk to their bank'
	Brits 'should utilise Isa allowances'
	Brits advised on investment options
	Children 'should be given bank accounts at 16'
	Falling inflation 'could help Brits save'
	Money worries 'are mounting for many'
	Contactless payment 'is secure and convenient'

Related News : Santander
	FSA fines Santander 1.5m
	Santander launches new fixed rate Isas
	Santander launches upfront interest bond
	Contactless banking 'still has some way to go'
	Santander reveals updated fixed mortgage rates
	Confidence of first-time buyers increases, suggests survey
	Santander launches fixed-rate mortgage range
	Third of parents would pay extra for school catchment property
	Santander offers first monthly cashback credit card
	Bank of England maintains bank rate at 0.5 per cent