Scarborough Building Society Guaranteed Bond introduced
www.moneynews.co.uk > General finance > Scarborough Building Society Guaranteed Bond introduced
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Money News |
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Scarborough Building Society Guaranteed Bond introduced
Fri 17th Nov 2006
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An interest rate of 5.65 per cent is offered by the Scarborough Building Society Guaranteed Bond and a minimum investment of £1,000 is needed to take advantage of the bond.
A branch version of the bond, the Scarborough Building Society Branch Guaranteed Bond, comes with a slightly lower interest rate of 5.30 per cent which is also fixed for a period of two years.
Head of group marketing at Scarborough Building Society Tony Burdin commented: "We're constantly reviewing our savings accounts to ensure we offer our members some of the most competitive deals available at any given time.
"We believe the Guaranteed Bond does this, as well as providing them with the certainty of knowing exactly what their returns will be, whatever happens to interest rates in the medium term."
Customers are limited to investing whatever the initial opening sum is as they cannot add to this during the life of the bond, however, customers can purchase another bond to run alongside their existing one should they wish to invest more funds.
Scarborough Building Society is the 18th largest in Britain and manages assets of more than £3 billion.
Related News : General finance |
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