Cheshire Building Society and Norwich Union launch fixed-rate investment package
www.moneynews.co.uk > General finance > Cheshire Building Society and Norwich Union launch fixed-rate investment package
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Money News |
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Cheshire Building Society and Norwich Union launch fixed-rate investment package
Mon 1st Sep 2008
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The product allows investors to place up to 30 per cent of their total investment into the Cheshire's ten per cent fixed-rate reserve account, with the chance to have interest paid monthly at a rate of 9.57 per cent gross.
The rest of the funds are placed in a Norwich Union Portfolio bond.
Overall, the minimum investment is £6,000 and the maximum is £700,000.
Frank Harrington, head of partnerships at Cheshire Building Society, said the Portfolio Reserve was "tailored to individual needs".
Meanwhile, Alliance Trust has launched a "fund supermarket" allowing investors to trade in a range of funds as part of a "one stop shop".
They can consolidate their investments and have the option of postal, online and telephone management.
Malcolm Dodds of Alliance Trust Savings said the company would return to its clients any commission it received on their funds.
Related News : General finance |
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Related News : Aviva |
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