Feb 13 2006
Abbey has launched the ninth issue of its Guaranteed Income Bond (GIB) offering a fixed income of 3.68 per cent per annum net.
The product aims to give investors both protection of capital and also income over the next four years with monthly, quarterly or annual income payments available.
Interest in the bond is fixed and the full return of capital is guaranteed provided that the bond is held for the full four-year term.
All income from the GIB is paid net of basic rate income tax, which is not reclaimable by non-taxpayers and starting rate taxpayers.
The closing date for applications is March 7th and the bond requires a minimum investment of £5,000.
Pak Chan, Abbey spokesman, said: "The Guaranteed Income Bond has proved incredibly popular.
"It provides customers with capital security at maturity and the certainty of a regular income for the next four years."
© Adfero Ltd
