Abbey issues 3 new bonds
Wednesday, 28 Nov 2007 16:51
Abbey is launching a new fixed rate bond, an over 50s bond and a children's savings bond.
The new bonds will become available from December 5th and are aimed at savers looking to lock away cash for a set time for a guaranteed return.
Reza Attar-Zadeh, director of savings and investments at Abbey, said: "Our savings bond range has proved highly popular in 2007 and we remain committed to offering good rates for our customers.
"We expect the bonds available in this launch to appeal to both those saving for children or looking for regular interest payments."
The one-year fixed-rate bond is at 5.65 per cent gross pa (4.52 per cent net) for investments from £1 to £49,999 and over £50,000 it stands at 5.85 per cent gross pa (4.68 per cent net).
The two and three-year bonds offer 5.5 per cent and 5.35 per cent gross pa respectively.
Abbey's three-year bond for savers over 50 is designed for those looking for a regular income from savings. It offers 5.4 per cent gross pa (4.32 per cent net).
The four-year children's bond for savers under 18 is at 5.4 per cent gross pa (4.32 per cent net).
Abbey also offers a series of short-term eBonds, starting at 6.40 per cent gross pa (5.12 per cent net).