Santander launches inflation-linked savings bond
www.moneynews.co.uk > Banking > Santander launches inflation-linked savings bond
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Money News |
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Santander launches inflation-linked savings bond
Fri 11th Nov 2011
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Its new Issue 7 Bond is on sale and linked to the retail price index (RPI), meaning any increase in RPI inflation will be mirrored in increasing returns for the bond, helping to offset the cost of inflation to savers.
For example, over a six-year term, should an investor put £10,000 into the bond and RPI were to rise by 20 per cent over this time, the minimum return of the product would be £12,000.
Customers can deposit anything from £500 to £2 million into the new bond, although consumers are urge to act fast as it is a limited offer until the product sells out.
Meanwhile, Leeds Building Society is offering a new savings vehicle for individuals who wish to give money to charity each month.
Its 3.05 per cent AER account provides a 0.2 per cent donation to Marie Curie Cancer Care at the end of each month.
Click here for more banking news
Related News : Banking |
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