Limited Issue Fixed Rate Bond Launched
Stroud & Swindon, the UK’s 14th largest Building Society, is launching a limited issue bond fixed at 7.05% AER until 2 December 2008.
The bond is available via any Stroud & Swindon branch or agency, direct and online (www.stroudandswindon.co.uk) from the 13th September 2007. The product is subject to a minimum deposit of £1 and customers can invest up to a maximum of £500,000. Additional investments are allowed up to the overall limit, but only whilst the issue remains open. Withdrawals are not permitted.
As the product is fixed until December 2008, customers can be safe in the knowledge that their savings are set at a competitive rate of interest for the foreseeable future - allowing them to avoid market fluctuations. 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 with an extremely competitive rate of 7.05%. With a minimum investment of only £1, this is a fantastic option for customers wanting to take advantage of a great savings rate, without having a huge amount of money to invest. As a result, 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 / Suman Katyal / Karen Butcher
The Wriglesworth Consultancy
020 7845 7900
Notes to Editors:
About Stroud & Swindon Building Society:
Stroud & Swindon is the 14th 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 BOND
- Bond matures on 2 December 2008.
- Annual interest rate of 7.05% gross AER.
- Minimum Investment of £1 is required to open the account.
- Maximum investment is £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.