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Chase de Vere offers high interest bond

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&#39s Moneyline manager Janine Starks says: “The Woolwich bond is just the sort of solution for savers that Chase de Vere&#39s Moneyline specialises in. As well as offering the top variable rate on the market, it also provides a monthly income option.”

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