SCIL fixed-rate bond launched
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Money News |
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SCIL fixed-rate bond launched
Wed 16th May 2007
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Those people looking to receive monthly interest on the SCIL bond will be offered a rate of 5.95 per cent.
Once the SCIL bond is set up, no withdrawals or deposits are permitted, with minimum and maximum deposits being between £5,000 and £1 million.
The bond offers the opportunity for consumers to benefit from 100 per cent return of capital, as well as 125 per cent of any growth in the FTSE 100 Index.
Robin Litten, of SCIL, said that since launching the product in April, "we've made clear our intentions to further develop our already successful business by seeking opportunities to enhance our product and service offering for the benefit of both new and existing customers".
Customers wishing to find out more about the fixed-rate Scarborough bond should access the group's website or contact the group directly.
