IFA Chase de Vere is offering a variable rate bond in conjunction with Woolwich that offers a 7.20 per cent per annum gross interest rate.
The 10 month bond aims to capitalise on findings from a study conducted by the company that indicate the average UK household is losing £1,000 in interest.
Despite the fact that market-leading savings products are paying in excess of 7 per cent per annum, the average interest rate collected by investors is only 2.9 per cent, hence the loss.
The minimum investment on the capital guaranteed bond is £10,000.
Chase de Vere's Moneyline manager Janine Starks says: “The Woolwich bond is just the sort of solution for savers that Chase de Vere's Moneyline specialises in. As well as offering the top variable rate on the market, it also provides a monthly income option.”