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Britannia launches new bond in 2002

Britannia Building Society is launching a one-year variable rate bond to existing members from January 2, 2002.

The bond offers either monthly or annual interest and for deposits up to £1,000 returns 3.5 per cent, up to £20,000 returns 3.85 per cent, up to £50,000 returns up to 4.2 per cent and up to £100,000 returns 4.6 per cent.

Withdrawal penalties are 90 days lost interest.

Britannia head of marketing Alan Long says: “This bond will be available to existing members on an ongoing basis throughout the branch network and gives an excellent rate of interest to our members.”

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