Yorkshire Guernsey announced on Thursday that it has launched a two year Stepped Rate Bond guaranteeing investors strong fixed interest rates over the next two years.
According to the offshore financial services provider, the new bond is an ideal home for longer term savings, with the interest paid either gross or net, depending on the individual’s tax residence or status.
The minimum level of funds required is GBP10,000 up to GBP1 million per bond. On maturity individuals will have instant access to their funds if required.
The first year offers the assurance of a fixed interest rate of 5.75% to end of June 2008 and 6% in the second year to end of June 2009.
Peter Symes, Managing Director of Yorkshire Guernsey stated that:
"This bond offers extremely good value because of its link to such good fixed interest rates which may predictably fluctuate in both directions over the next two years. This should certainly appeal to investors seeking the security of guaranteed competitive interest rates."
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