Limited Issue Fixed Rate Bonds Launched
Stroud & Swindon, the UK’s 14th largest Building Society, is launching two limited issue bonds, both offering a guaranteed return on maturity.
The first bond is fixed at a rate of 6.85% gross/AER until 3rd June 2008. Withdrawals not permitted throughout the term of the bond, except on death of the account holder.
The second bond is fixed at a rate of 6.25% gross/AER until 10 February 2009, and also offers a monthly income option. Withdrawals are permitted on this bond, subject to 90 days gross interest charge on the amount withdrawn.
The bonds are available via any Stroud & Swindon branch or agency, direct (telephone 08457 045 012) and online (
www.stroudandswindon.co.uk) from the 16 November 2007. Minimum (£500) and maximum (£500,000) investment limits apply and additional investments are allowed up to the overall limit, but only whilst the issue remains open.
Paul Chafer, Sales and Marketing Director at Stroud & Swindon comments, “We are delighted to be able to offer these fixed rate bonds, both with extremely competitive rates. With a minimum investment of only £500, these are very good options 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 Bonds
- Issue 62 (6.85% gross/ AER) matures on 3 June 2008. Withdrawals not permitted.
- Issue 63 (6.25% gross/ AER) matures on 10 February 2009. Withdrawals permitted subject to a 90 days gross interest charge on the amount withdrawn. Monthly interest option available (Minimum investment £5,000).
- Minimum Investment of £500 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.