Barclays launches a new two-year flexible bond
Barclays (www.barclays.com) Barclays has just launched a two-year flexible bond giving savers the flexibility to withdraw up to 30 per cent of the balance without incurring any charges. The two year flexible bond pays a fixed rate of up to 3.50 per cent AER.
The new 2 Year Flexible Bond – Issue 1 will pay 3.50 per cent AER on balances over £50,000 – the maximum investment is £1,000,000. The bond will pay 3.20 per cent AER on balances below £50,000 – the minimum investment is just £1. The bond allows three withdrawals of up to 10 per cent (maximum 30 per cent) of the initial deposit without notice or charges, which means that someone investing £10,000 could withdraw a total of £3,000 over the two years without incurring any charges.
Customers taking out the flexible fixed rate bond with Barclays can choose whether they want a regular monthly or annual income or grow their capital. New and existing customers can open their flexible bond instantly through a branch. In addition Barclays current account customers can apply online at www.barclays.co.uk/flexible or by telephone banking 0845 301 0333.
Barclays continues to offer a one year fixed rate bond paying 2.00 per cent p.a/AER with a minimum investment of just £500 and a five year fixed rate bond paying 3.50 per cent AER on balances £500 to £49,999.99 and 4.00 per cent AER on balances over £50,000.
Source: Barclays
