The Reserve Account from Cheltenham and Gloucester (C&G), which is available to investors from today (Monday, October 9th), is offering a high-interest account of 5.35 per cent gross.
Available to customers with over £50,000 to invest, the account includes a bonus of 0.85 per cent for the first six months and thereafter comes with a guarantee to stay no lower than 0.25 per cent below the Bank of England base rate until the end of January, 2008.
C&G's head of marketing, Ian Whittaker, claimed the new account would be an attractive investment due to its overall convenience.
"Being able to carry out transactions by phone and also pay money in by post or at any C&G branch and with the three free no-notice withdrawals each year, it all adds up to a very attractive proposition."
"The Reserve Account is available to those with significant balances to invest who want a combination of a market-leading interest rate without exposure to fluctuating stock markets or more risky investment vehicles," he said.To read more about investment bonds, click here.
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