New 4.06% AER Ebond Launched
Please note: this product has now been withdrawn for new investors
12 June 2009: Stroud & Swindon Building Society has today announced the launch of a new Ebond, fixed at a rate of 4.06% AER (4.05% Gross) until 15 February 2011.
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This product is a limited issue and will be withdrawn once fully subscribed, so customers interested in opening the Ebond should apply early to avoid disappointment.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:
“We are pleased to be able to offer this competitive new Ebond to savers who want a secure return on their investment. We hope that it will encourage people to invest in order to take advantage of such a competitive rate of interest. For savers that wish to invest for longer we also offer an Ebond at 4.05% until 22 May 2012. Both Ebonds are limited issues, so we urge customers to apply early.”
Full Product Details:
Ebond
- Interest is fixed at a rate of 4.05% Gross (3.24% Net) until 15 February 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 February 2010) up to midnight on 15 February 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:
Chris Mackenzie
Savings Product Manager
Stroud & Swindon
01453 768415
Amy Pegler
Corporate Communications Officer
Stroud & Swindon
01453 768241
Notes for Editors
About Stroud & Swindon Building Society:
Stroud & Swindon has assets in excess of £3.2 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.