Two new fixed-rate bonds launched by Cheltenham & Gloucester
www.moneynews.co.uk > Banking > Two new fixed-rate bonds launched by Cheltenham & Gloucester
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Money News |
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Two new fixed-rate bonds launched by Cheltenham & Gloucester
Mon 1st Jun 2009
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The first example is a one year fixed-rate bond which is offering customers a flat fixed rate of 3.5 per cent on balances over £500 for the duration of the account.
A second two-year fixed-rate bond is advertising 4.05 per cent rate on balances which exceed £50,000. It also offers an interest rate of 3.8 per cent on balances between £500 and £49,999.
Managing director of savings and investment for Cheltenham & Gloucester said that as savers are "feeling uncertain about the future", they want to know exactly what they are getting for investing their extra cash.
Furthermore, they want "the security of knowing exactly what return they will receive on their savings and when they will get it," he added.
Other banks to launch bonds of late include Leeds Building Society and Saga Personal Finance.
Click here for more banking news
Related News : Banking |
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