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Bristol & West launches new fixed rate bonds

Bristol & West is launched two new fixed rate bonds and increasing the interest rate on a third.


The Easy Life Fixed for Five years rate is increased to 7.85 per cent from 7 per cent gross a year for interest paid at maturity.


B&W has also launched a two and three year version of the bond offering 6.7 per cent and 6.95 per cent gross respectively for annual interest and 6.5 per cent and 6.74 per cent gross respectively for monthly interest.


The minimum investment is £1,000 or £5,000 if monthly interest is required.


The bonds also provide maturity guarantees to ensure the rates remain competitive for at least two years after they mature.


Its group savings manager Paul Vinnicombe says: &#34As specialists in savings, we are able to offer rates that far exceed the competition.&#34

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