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Nottingham offers new investment account

Nottingham Building Society is offering a new fixed rate investment account with a 7.15 per cent annual interest rate guaranteed through June 2001.

The minimum investment in the product is £2,500 or £1,000 for existing Nottingham customers and a maximum investment of £250,000. Investors have the option of increasing their stake while the account is still available.

Interest will be paid on June 30, 2001. Nottingham warns potential customers that the product may be withdrawn at short notice.

No withdrawals are allowed during the fixed rate period.

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