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C&G launches new two year bond

Cheltenham & Gloucester is to launch a two year fixed rate bond paying 5.5 per cent until February 2003. This replaces the previous two year bond launched in October 2000.

The 5.5 per cent rate is paid on investments over £500, and additions can be made for as long as the bond is open to new investors.

C&G sales director Nick Hales says: “In today&#39s market it is difficult to anticipate interest rate movements, so this product is a good match for those investors looking for a guaranteed return over the next two years irrespective of which way rates move.”

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