Cheltenham & Gloucester is launching a three-year fixed-rate bond paying 5.65 per cent a year gross (4.52 per cent net) until September 30 2004. The bond is available from Monday July 2, for a limited period of time.
Thew bond is open to all investments of £500 or over and additions can be made as long as the bond is open to new investors. There is also an emergency withdrawal facility available.
C&G sales director Nick Hale says: “This product should come as a welcome relief to those who are looking for guaranteed return over the next three years.”