Legal & General is launching a Millenium Bond offering a fixed rate of up to 6.5 per cent gross.
The bond which has a term of seven months is available for a minimum investment of £2,500. The maiximum per individual is £25,000.
Investments of £2,500 to £4,999 receive a rate of 6.3 per cent gross, £5,000 to £9,999 a rate of 6.4 per cent gross and above £10,000 a rate of 6.5 per cent.
The bond is available from June 1.