Stroud & Swindon Launch New Fixed Rate Bond
Stroud & Swindon, the UK’s 15th largest Building Society, is launching a limited issue bond fixed until 2 December 2008.
This new product offers a choice of interest rate options. Customers can choose to receive their interest annually - at a rate of 6.45% gross AER, or monthly - at a rate of 6.27% gross p.a.
The bond is available via any Stroud & Swindon branch or agency, online, or by post and is subject to minimum (£500) and maximum (£500,000) investment limits. Additional investments are allowed up to the overall limit, but only whilst the issue remains open. Withdrawals are not permitted.
Stroud & Swindon expects the demand to be high for this product so suggests that consumers take advantage of this offer while it is still available.
Paul Chafer, Sales and Marketing Director at Stroud & Swindon comments,
“We are delighted to be able to offer this fixed rate bond. Remaining words deleted. Many consumers find it a great benefit to receive a monthly, rather than annual return on their investment. With great rates on both interest options, we hope that customers will be quick to take advantage of this highly competitive offer while it lasts.”
For further information please contact the Customer Service Centre on 08457 045 012
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For further comment please contact:
Paul Chafer
Sales and Marketing Director
Stroud & Swindon
01453 768407
Lee Blackwell / Brian Thorn / Karen Butcher
The Wriglesworth Consultancy
020 7845 7900
Notes to Editors:
About Stroud & Swindon Building Society:
Stroud & Swindon is the 15th largest building society in the UK with assets in excess of £2.8 billion. The Society operates through a dedicated team of intermediary business development managers, with a branch network of 22 offices and 20 agencies in the South West, complemented by a direct call centre based in Stroud and website
www.stroudandswindon.co.uk.
LIMITED ISSUE FIXED RATE EBOND
- Bond matures on 2 December 2008.
- Annual interest rate of 6.45% gross AER will be calculated daily and credited at midnight (commencing 1 September 2007) and up until midnight on 2 December 2008).
- Monthly interest rate of 6.27% gross p.a. will be calculated on a daily basis and will be credited monthly at midnight commencing on the 1st of the month after the account is opened up to midnight on 2 December 2008.
- Minimum Investment £500 for annual interest option.
- Minimum investment of £5,000 for monthly interest options.
- Maximum investment £500,000.
- Additional investments allowed up to the overall limit but only whilst the issue remains open.
- Guaranteed return of investment on maturity.
- Gross interest is available to eligible non-taxpayers.
- Withdrawals are not permitted on this account. Closing this account is subject to 120 days gross interest charge.