Britannia Building Society has launched a new one-year fixed rate bond, guaranteeing an annual return of 4.75 per cent Gross/AER (3.80 per cent net).
The UK's second largest mutual building society hopes the new scheme will particularly attract savers looking for a guaranteed return on their investment.
The new product can help overcome the uncertainty that currently surrounds the savings market and the wavering threat of interest rate changes.
Britannia feels it is an ideal product for those who like to feel secure in the knowledge that their savings will be unaffected by outside changes.
The new product will be available from July 13th and offers a monthly interest option of 4.5 per cent gross (AER 4.59 per cent - 3.60 per cent net).
The minimum investment in the saving scheme is £1000.To read more about investment, click here.
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