Protected equity bond launched by Nationwide
Nationwide Building Society has announced it is to offer a new protected equity bond.
It is a six-year product with a minimum gross return of nine per cent and has the potential for stock market growth at the end of this time period.
The bond is available as both deposit and Isa options and customers who invest in it will have the chance to take out an exclusive one-year fixed-rate Combination Savings Bond as well.
Robin Bailey, the company's divisional director for savings and investments said with the deal "you combine the potential returns associated with stock and shares with the same security" as any other building society or bank account.
- Tags:
- products and companies
Comments
Newsletter sign up