New 4.00% AER Ebond Withdrawn
21 October 2009: Stroud & Swindon Building Society has today announced the launch of a new Ebond, fixed at a rate of 4.00% AER (4.00% Gross) until 25 October 2011.
Please note: This product has now been withdrawn. Please see our product pages for our latest product range.The account is available via an
online application form and has a minimum investment of £2,000. The interest is calculated on a daily basis and credited annually to a bank account, another Stroud & Swindon account or added to the Ebond.
This product is a limited issue and will be withdrawn once fully subscribed, so customers interested in opening the Ebond should apply early to avoid disappointment.
Chris Mackenzie, Savings Product Manager, comments:
“This new Ebond provides savers with a secure return on their investment and we hope that it will encourage people to invest in order to take advantage of such a competitive rate of interest. We expect demand for this product to be high and therefore urge customers to apply early to avoid disappointment.”
Full Product Details:
Ebond (Issue 9)
- Interest is fixed at a rate of 4.00% Gross (3.20% Net) until 25 October 2011.
- Minimum investment of £2,000 applies.
- Additional investments can be made up to £500,000 but only whilst the issue is still available.
- The Bond is a limited issue.
- To open the bond customers must complete an online application form.
- Interest is calculated daily and credited annually at midnight (commencing 1 November 2010) up to midnight on 25 October 2011.
- Interest can be transferred to another bank account, Stroud & Swindon building society account or to the bond.
- Withdrawals and closures are not permitted on the account throughout the term, except on the death of an account holder when the funds can be released without charge.
- Applications cannot be accepted in branch or by telephone.
- ENDS –
For further information please contact:
Our Customer Contact Centre 0845 725 2423
Notes for Editors
About Stroud & Swindon Building Society:
Stroud & Swindon has assets of £3 billion. The Society operates through a dedicated team of intermediary business development managers, with a branch network of 22 offices and 19 agencies in the South West, complemented by a customer contact centre based in Gloucestershire and website
www.stroudandswindon.co.uk.