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Northern Rock launches guaranteed bond

Northern Rock is launching a five year guaranteed investment bond.


The Guaranteed Capital Bond Issue II is linked to the FTSE 100 stockmarket index and provides a potential return of 8 per cent gross a year over three or five years.


Alternatively, investors looking to achieve capital growth can potentially achieve a 24 per cent gross return over three years or 40 per cent gross over five years.


The bond is available until August 31.


The minimum investment is £2,500.

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