Santander launches new Inflation Linked Savings Bond
Friday, 11 November 2011 10:41
Santander has recommended its Inflation Linked Savings Bond (Issue 7) for people who want to make the most of their money as inflation rises.
The bank points out that its bond offers the opportunity to benefit from any growth in the Retail Prices Index, as well as guaranteeing a minimum interest return once the end of the six-year term is reached.
Up to £2 million can be held in the bond, while it can be activated with as little as £500.
In terms of interest, if the Retail Prices Index grows by 20 per cent over six years and a customer has deposited £10,000, they would get £12,000 back.
Even if there was no growth, however, the same customer would still get £11,000 back because of the minimum interest return of ten per cent gross.
Customers hoping to take advantage of this offer are advised to act early by visiting their nearest branch as it is strictly limited in availability.
Use the Myfinances.co.uk comparison tables to find the best deal on a savings bond
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