Short term guaranteed bond rates fall says Baronworth Investment Services
Click here for up to date Guaranteed Annual Income, Monthly Income and Growth Bond Surveys.
Over the last week 1 and 2 Year Guaranteed Bond rates have dropped slightly although 3, 4 and 5 Year rates have held steady.
Although some of the deposit takers are offering better rates it must be borne in mind that the level of protection in the event of a disaster is far better for Guaranteed Bonds.
For deposit takers the limit is £35,000 (100% across the board).
For Guaranteed Bonds the first £2,000 is 100% and thereafter 90% with no upper limit.
TODAY'S BEST RATE FROM THE SURVEY 1 YEAR GROWTH - £50,000 plus - PINNACLE 4.77% P.A.
NET OF BASIC RATE (Equivalent to 5.96% p.a.
gross for a basic rate tax payer and 6.36% p.a.
gross for a higher rate tax payer) (Improved rates are available for investments of ?100,000 plus) We would be delighted to send any of your readers our Guaranteed Income or Growth Bond Surveys free of charge.
All they need do is write to us, telephone, fax or e-mail as below.
Although we operate a commission sharing arrangement on all investments, we do not charge any fees.
Income and Growth Bond rates are monitored throughout the day.
We can always provide you with the most up to date rates instantly (by telephone, e-mail or fax) on any working day.
Please click on the link at the end of this release to view Guaranteed Annual Income, Monthly Income and Growth Bond Surveys.
For further information please contact Colin Jackson, colinjackson@baronworth.co.uk, telephone on (020) 8518 1218, fax on (020) 8518 4313 03 October 2007.
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