Yorkshire Guernsey has launched a new six month fixed rate bond, offering investors the certainty that their interest rate is protected irrespective of any change in the base rate.
A fixed interest rate has been set for this bond at 6.80% to 30th April, 2008.
The minimum amount required to open the bond is GBP10,000 with a maximum opening balance of GBP1 million. Access to the funds are only available on maturity of the bond on 1st May, 2008, and they will be automatically transferred into Yorkshire Guernsey’s Global Access account on this date.
Peter Symes, Managing Director of Yorkshire Guernsey suggested that: “This bond is ideal for offshore customers who need the certainty that their interest rate will not change during the period of the investment, but are willing to accept an interest penalty in exchange for access to part of the account balance.”
Yorkshire Guernsey is a wholly owned subsidiary of the Yorkshire Building Society.
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