The Abbey National is making a one year fixed rate bond available for a limited period, with an interest rate of 6.75 percent.
To earn this high rate the bond needs an investment of at least GBP30,000, though anything from GBP1 upwards to that figure will still return a very attractive 6.35 percent. The Abbey National investment bond is on limited availability, with a window of less than a month to get money into it. Starting on August 4 the offer closes at the end of August.
The market really likes fixed rate savings bonds said an Abbey National spokesperson, hence their introduction of this particular one now. Anyone interested is advised to act quickly to ensure availability.
A new international bond has been introduced by the Alliance and Leicester which is a limited edition fixed interest rate for one year.
Investors can sign up for the bond from now and, with a minimum investment requirement of GBP50,000, enjoy an interest rate of 6.65 percent gross if taking the interest payment at the end of the year or 6.45 percent should interest be paid monthly. The Alliance and Leicester fixed rate bond is available to both new and existing customers as long as funding does not come from money already held by Alliance and Leicester.
An Alliance and Leicester spokesman, when discussing the new bond at its launch said that they always endeavoured to offer the best interest rate they could and this particular bond should be very popular in what is a highly competitive market.
Zurich Insurance has expanded the number of funds it offers to investors, aiming to give more options to better suit customer requirements.
Eighteen new Sterling Bonds have been introduced as well as 22 Sterling Mutual Funds. The combination of options now allows investors to choose from a much wider variety of asset families. Zurich Insurance customers will be able to structure a portfolio that best meets their needs and risk profile, meaning less compromise.
A Zurich Insurance spokesman said that these new multi-manager funds will be most appealing to investors looking for a diverse portfolio and seeking to rate their options on the underlying approach to risk.
