Standard Life Bank is launching a three year guaranteed fixed rate bond offering investors 6.5 per cent gross.
The bond will be available from September 27 and will mature in July 27, 2002.
The minimum investment is £1,000 and the maximum is £100,000.
Interest can be paid either on a monthly or annual basis.
Standard Life Bank managing director Jim Spowart says: "The phenomenal interest rate we are offering to customers is another example of our commitment to providing investors with a better return on savings.
"This inflation busting bond will guarantee that people can see their money grow despite the low interest economic climate."