Barclays Wealth Regular Income Bond 'offers improved return'

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Barclays Wealth Regular Income Bond 'offers improved return'

Mon 17th May 2010

The return investors can receive from the Barclays Wealth Regular Income Bond (RIB) is larger than previous issues of the product, as a result of an alteration to the pay-out structure, a representative from the firm has stated.

Vice-president at the company Lisa Chaudhuri highlighted that reissue of the product as an opportunity for people to receive a predictable income in a period of market volatility.

She explained: "Our new RIB features a new payout structure to give investors a larger income each year - and so helping to preserve or increase the real value of the income against potential increases in inflation."

The product offers savers 4.5 per cent interest for the first year and increases its return each year, reaching 6.5 per cent if the bond is held for six or seven years.

Last week, the firm revealed that its Defined Returns Plan Annual Kick-Out gave customers a return of 12 per cent and seven per cent after the first year, for the 100 and 80 versions of the product respectively.

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