A new Abbey National fixed rate investment bond has just been launched onto the market for a limited time only so investors should act promptly.
For sums of less than GBP30,000 the Abbey National one year bond will pay a rate of 6.3 percent, while those with GBP30k to GBP2 million will receive a fixed rate of 6.5 percent. Interested investors have until 10 June to get their money into this excellent new opportunity, with the minimum amount needed being just GBP1,000.
A spokesman from Abbey National explained that fixed rate bonds are more popular than ever and that this particular one delivers one of the very best interest rates available on the high street.
The Alliance and Leicester has just announced a new savings account that pays interest at 9 percent gross per annum. It is a one year fixed rate account open to customers who invest in their Balanced Savings and Investment Plan.
The Balanced Savings and Investment Plan is made up of a portfolio bond and a savings account. The minimum deposit for the bond is GBP5,000 and at least GBP1,000 for the savings account. Before leaping in investors are advised by the Alliance and Leicester that the recommended term for the bond should be at least 5 years, meaning any money placed here should be left alone for a period of time.
An Alliance and Leicester spokesman said the offer combined a mix of short and medium term savings with the potential for excellent returns, much better than a regular savings account.
The Bank of Scotland has found that small businesses are saving some of their money rather than investing it back into the business.
Of the 1,000 small business owners surveyed by the Bank of Scotland over three quarters of them felt the uncertainty surrounding the economy at the moment meant it was best to save their money rather than investing it in the business. Over the coming year 38 percent of respondents planned to save their money to invest in the business later while 37 percent wanted to use it to earn interest.
Small business owners were also advised by the Bank of Scotland that its Total Business deposit account could help save them money, something that, by the sound of it, is very important to them.
