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C&G rolls out fixed-rate bond

Cheltenham & Gloucester is launching a two-year fixed rate bond paying 4 per cent per annum gross until April 2005.

The interest is paid on any investment over £500. Any additions can be made as long as the bond is open to new investors.

For investors needing to access their investment urgently there is a withdrawal facility, subject to a charge equivalent to 120 days&#39 gross interest on the amount taken out.

Sales director Nick Hale says: “The bond provides excellent value for those investors looking for a guaranteed return on their savings.”

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