News Article
Provider of Abbey life insurance announces new bonds
Abbey has unveiled three new bonds - which are to be added to its investments suite and made available to customers from Wednesday.
The firm, which also provides Abbey life insurance, is set to offer a new fixed rate product - as well as specialist bonds for over-50s and for children.
Purchasers of the Fixed Rate product from the all life cover provider will receive 5.6 per cent gross AER for one year - a rate which increases to 5.7 per cent if over £50,000 is submitted.
The two and three year fixed rates also offer a gross rate of 4.12 per cent and 3.8 per cent respectively.
For the new 50+ bond, customers gain a gross AER of 4.8 per cent over three years - if paid out annually.
Parents looking to save for their children can also pick up a Children's Saving Bond from Wednesday - offering a gross AER of 4.8 per cent for a four year term.