Abbey Two-year Special Growth Bond launched

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Abbey Two-year Special Growth Bond launched

The new Abbey Two-year Special Growth Bond is now available, it has been announced.

Offering an interest rate of 5.5 per cent gross per annum, the high-interest bond is a new product from Abbey which is only available until August 8th 2006 or before if it is so popular as to sell out.

There is no minimum deposit amount required, but customers are not able to boost their investment with additional payments once the bond has been opened.

Interest rates, once set, remain constant throughout the two year period and interest payments are made on an annual basis.

Pak Chan, Abbey's head of marketing for long term savings, commented: "We are continuously working towards maximising returns for savers and making sure that they are able to directly benefit from new market opportunities."

"The bond offers the best savings rate in the market and is just another example of how we are bringing better deals to our customers," he added.

The Abbey Two-year Special Growth Bond is one of a number of investment bond products available from Abbey National.

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