Halifax Offers 5.08% savings bond
Thursday, 19 Apr 2007 17:40
Halifax Financial Services has launched a one-year guaranteed growth savings bond paying 5.08% net (equivalent to 6.35% before tax).
"Halifax offers simple, value for money, products," said Paul Stanley, head of Halifax Financial Services.
"There are still a number of customers who are concerned about putting their capital at risk by investing in the stock market. With the Guaranteed Growth Bond investors can rest assured that their capital is safe while receiving over 5% net return."
The minimum investment is £5,000. Money put in before the start date will receive an early investment payment equivalent to 5.08% net of tax, the same rate as the bond.
Investors will receive back their initial investment plus return when the bond matures after one year.
Applications must be received by May 19th 2007, although the offer may be withdrawn earlier if the bond becomes fully subscribed.