Stroud & Swindon Building Society fixed rate bond 'has a fantastic rate'

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Stroud & Swindon Building Society fixed rate bond 'has a fantastic rate'

A new fixed rate bond from Stroud & Swindon Building Society has been lauded by a spokesperson from the firm for offering a competitive rate of interest.

David Rodney, head of marketing for the company, made his remarks about the Fixed Rate Bond (91), which matures on December 31st 2012.

He said: "With a minimum investment of £1 plus ease of application through branches, online services or over the phone, we expect it to be really popular".

In his opinion, the interest rate of 3.7 per cent is "fantastic" and could be very attractive for savers who want to get a decent return on their cash in the long term.

The maximum amount that investors can deposit into this account is £250,000 and customers can have their interest paid monthly.

Stroud & Swindon Building Society recently merged with Coventry Building Society, which this week announced the appointment of Glyn Smith as a non-executive director.

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