The new five-year double protection guaranteed equity bond will hold a competitive interest rate. In addition, it will track the FTSE 100 Index and will pay 80% of any growth or fall at maturity after the five years.
The bank is also offering an early investor bonus to customers who invest in the new guaranteed equity bond. Customers investing before January 31, 2007 will receive a 0.5% bonus of the investment amount and those investing before February 28, 2007 will receive a 0.25% bonus of the invested amount.
We’re proud of our reputation as a market-leading guaranteed equity bond provider. These bonds are ideal for those people who want to invest in the stock market but have concerns about the risks involved, commented Jason Robinson, director of savings operations at Birmingham Midshires. They not only offer peace of mind to the investor by protecting the capital but also guarantee a substantial return.
