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Second issue of National Savings equity bond

National Savings and Investments is offering a second issue of its guaranteed equity bond following the success of the first issue in March.

The five-year bond allows investors to gain from growth in the FTSE 100 index while offering 100 per cent capital security on investments of between £2,000 and £1m – or £2m for joint investments.

Investors receive all the proceeds of growth in the index, without fees or charges, subject to a maximum gross return of 70 per cent. The offer period runs until August 28, during which time investments will earn interest of 3.5 per cent a year, paid at maturity.

After the last issue, almost 5,000 people asked to be informed about issue two. National Savings and Investment commercial director Gill Cattanach says: “After the success of our first equity-linked bond, we wanted to offer customers another opportunity to invest in a similar, equally secure and straightforward bond.”

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