Barclays unveils new fixed-rate bonds
www.moneynews.co.uk > General finance > Barclays unveils new fixed-rate bonds
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Barclays unveils new fixed-rate bonds
Mon 21st Sep 2009
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Each of the bonds requires £500 to be invested for either one, two or five years to get interest rates of three per cent, 3.75 per cent and 5.25 per cent respectively.
The two-year interest rate goes up to 4.25 per cent if more than £40,000 is invested.
Andy Grey, head of mortgages and savings at Barclays, pointed out that there has been a lot of interest in low-risk products that ensure a competitive return during the recession.
He said: "Our range of bonds will appeal to savers who want to secure a high fixed interest rate from just £500, making them really accessible to everyone."
Mr Grey also pointed out having shorter-term options such as the one-year and two-year bonds are well suited to those who do not want to lock away their savings for a long time.
Last week, Barclays launched an improved version of its mobile banking service which it claimed is simpler to navigate.
Click here for more general finance news
Related News : General finance |
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Related News : Barclays |
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