Abbey reissues popular investment bond

Wednesday, September 7, 2005

Abbey has revealed that it will be reissuing its Guaranteed Investment Bond (GIB) for the fourth time as a result of the popularity of the previous three issues.

The bond guarantees a fixed income rate of 3.6 per cent per annum and the full return of the capital amount after the four-year investment term has been completed.

The minimum investment is £5,000, and applications for the deal need to be made by 4 October 2005.

Head of investments marketing at Abbey, Pak Chan, said: "The Guaranteed Income Bond has proved to be incredibly popular in its previous three issues.

"We have had many conversations with customers on their savings needs, and this product seems ideal for retired people looking to draw income from their savings."