Stroud & Swindon launch best buy fixed-rate bond

Consumers looking for the best savings rates may wish to take a look at the best buy fixed-rate bond launched today September 22 by Stroud & Swindon.

The new bond offers customers very competitive savings interest rates of 3.70 per cent AER/Gross per annum fixed to December 31st 2012.

Savers can invest any amount from £1 to £250,000 with the option of monthly interest payments available for customers wanting a regular income from their investment.

David Rodney, head of marketing for Stroud & Swindon, said: "With a fantastic rate of 3.70 per cent AER/Gross per annum, our new fixed bond is a best buy product. It offers a very attractive rate without locking savers in for a long term."

The company expects the bond to be very popular as customers look for short term investments to get a quick return on their money.

Northern Rock recently issued a number of fixed-rate bonds, with terms varying from one to five years, offering very competitive savings interest rates.

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2010-09-22 10:59:42 © Moneyextra.com