A new product to help people with saving money has been launched by Britannia Building Society.
The Society's new one-year fixed savings rate bond is an ideal product for those who want to be saving money and receiving a guaranteed return on their investment, despite uncertainty about interest rate changes.
The new one-year fixed savings rate bond guarantees an annual return of 4.75 per cent gross (3.80 per cent net).
The savings rate bond also offers a monthly interest option with a savings rate of 4.5 per cent gross (3.60 per cent net).
The savings bond is available from July 13th, and a minimum investment of £1,000 is required.
Britannia Building Society is the second biggest building society in the UK, with more than 2.2 million members and £25 billion of assets under management.
As well as offering all the products you would expect from a large building society, Britannia also provides a range of specialist services.
They have set up subsidiaries and specialist departments which offer everything from commercial lending and intermediary lending, help for those people with special or slightly unusual requirements, to tax-free offshore savings.
The Treasury department looks after wholesale funding, liquidity, and asset and liability management.
New fixed savings rate bond launched by Britannia
New fixed savings rate bond launched by Britannia
Mon, 11 Jul 2005
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