Abbey Guaranteed Income Bond launched
www.moneynews.co.uk > General finance > Abbey Guaranteed Income Bond launched
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Money News |
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Abbey Guaranteed Income Bond launched
Mon 13th Nov 2006
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The Abbey Guaranteed Income Bond has a rate of 4.40 per cent per annum net - 4.32 per cent per annum net if interest is taken monthly or quarterly - and offers customers a capital return that is guaranteed after four years.
Additionally, the bond provides the option of either monthly, quarterly or annual payments and due to it being a single premium life insurance plan, it ensures that customers get full protection of both income and capital at maturity.
Pak Chan, Abbey's head of marketing for investments and long term savings, remarked: "The Guaranteed Income Bond remains a highly popular product, so in response to customer demand, this new issue has the highest rate ever.
"This new bond reaffirms Abbey’s commitment to bring some of the best products and services to savers."
The Abbey Guaranteed Income Bond requires a minimum investment of £5,000 and is available until December 5th or until stocks last.
Abbey is the second largest mortgage and savings provider in the UK as well as the sixth largest bank.
Related News : General finance |
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Related News : Santander |
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