Cheltenham & Gloucester is launching two fixed-rate bonds from September 27.
Customers will be able to invest from £500 in a one year fixed rate bond paying 5 per cent per year gross / AER until November 30 2005. The second option is for a two year fixed rate bond paying 5.25 per cent per year gross / AER until November 30 2006.
C&G's savings director Rick Hunkin says: “Both bonds offer a competitive and guaranteed return on balances of £500 and above. Whether you're looking for income from your savings of just providing for a rainy day, both Bonds deliver excellent value.”