Abbey savings bonds issued
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Money News |
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Abbey savings bonds issued
Mon 15th Oct 2007
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The 50+ Bond has a fixed term of three years and provides an annual gross rate and monthly AER of 5.70 per cent.
Meanwhile, the Children's Savings Bond - for savers under 18 - has a four-year fixed rate of 5.70 per cent AER.
And a new fixed-rate bond range offers rates which begin at 5.70 per cent for a minimum £1 opening balance over a three-year period.
For the fixed-rate bonds, those who lock away a minimum of £1 for one year will receive 6.15 per cent AER and people who provide an opening balance of £50,000 will be entitled to 6.35 per cent AER.
Reza Attar-Zadeh, director of savings and investments at Abbey, commented: "Our savings bond range has proved very popular so far this year and we expect the bonds available in this launch to appeal to both those saving for children or looking for regular interest payments."
Abbey recently offered its Super 50+ account holders the chance to receive an 8.1 per cent AER.
Related News : Banking |
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Related News : Santander |
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