New Abbey Capital Guaranteed Income and Growth Bond launched

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New Abbey Capital Guaranteed Income and Growth Bond launched

A new capital guaranteed capital deposit account has been launched by Abbey, taking its range of guaranteed full term bonds to four.

The second issue of the Abbey Capital Guaranteed Income and Growth Bond will pay out seven per cent gross on half the investment after one year.

Bonds from Abbey are linked to growth in the FTSE 100 and minimum investment is £3,000.

Abbey has reported initial success of its capital guaranteed bonds and its latest issue is seen as demonstrating its commitment to independent financial advisors.

Gary Dale, head of intermediary business development at Abbey Financial Markets, said: "In our discussions with intermediaries, we are finding interest in a range of tailored solutions based around different indices."

Abbey is the sixth biggest bank in the UK and the second largest provider of savings.

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