Fixed Rate Bond Pays 5.50%
A new fixed rate bond, fixed until 16 September 2008, launched by Stroud & Swindon Building Society on 12 August pays savers a highly attractive 5.50% gross.
Please note: this product has now been withdrawn for new investors
The minimum deposit is only £500 and the maximum £500,000. Additional deposits can be made up to the overall maximum amount whilst the issue remains open. Withdrawals are allowed subject to 90 days loss of gross interest on the amount withdrawn.
Commenting on the new bond, Briar Holdsworth, Savings Product Manager at Stroud & Swindon said, “Customers have told us that they like good fixed rates and security of capital but they also want some flexibility. By making it possible to pay in additional amounts whilst the issue is open and also make withdrawals, we believe that this product will prove really attractive to many savers.”
The bond is available from any one of the Society’s branches and agencies in the South West or by contacting 08457 252423
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Editors note: Established in 1850 and with assets in excess of £2.5billion, Stroud & Swindon is the 15th largest of the 63 building societies in the UK.
Further details can be obtained by visiting
www.stroudandswindon.co.uk