Barclays Wealth launches new Regular Income Bond
Thursday, 17 November 2011 12:05
A new Regular Income Bond has been launched by Barclays Wealth that aims to give investors a competitive return on their money.
The product aims to bridge the gap between low risk and low return or high risk and high return commodities and could be ideal for people looking for a good monthly income.
Investors will receive a four-weekly income of 0.52 per cent for five years, which would equate to £27.76 if only the minimum of £5,340 was placed into the bond.
Barclays Wealth's Richard Henry said the product offers a good alternative to income funds and stocks for those who are willing to accept a little risk to their capital.
"We are committed to constantly offering competitive investment solutions to complement a variety of risk profiles. We hope that the new Regular Income Bond will prove an attractive and innovative investment solution for investors," he added.
The new Regular Income Bond is open until December 7th 2011, so anyone interested may wish to contact the bank or visit the website for more details.
Barclays Wealth is the UK's largest global wealth manager and had £153.5 billion in client assets in June 2010.
Use the Myfinances.co.uk comparison tools to find the rates and features you need on a savings bond
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