Abbey has launched its twelth guaranteed investment bond, a life insurance plan for the next four years.
The company promises its customers a fixed income of 3.96 per cent per annum, claiming that it is the only high street life insurance plan available that guarantees this.
Abbey also states that the investment bond guarantees capital return after four years, or in the event of death and offers monthly, quarterly or annual income payments.
The guaranteed investment bond has a minimum investment of £5,000 and a maximum of £250,000.
Pak Chan, Abbey’s head of investments marketing, commented: "The guaranteed income bond has been highly popular over its first year so we are particularly delighted to be offering the highest rate since its launch last May.
"We expect the bond to appeal to people looking for capital security at maturity and the certainty of a regular income for the next four years."
Products research company Defaqto recently predicted a continued rise in investors opting for investment bonds in the UK.
Abbey launches its highest rate investment bond
Abbey launches its highest rate investment bond
Wed, 31 May 2006
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