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A bond to boot into row Z

Hinckley & Rugby Building Society one year bond

Harnessing your emotional well-being to the fortunes of your football club is one thing, but putting the return on your savings at the mercy of dodgy refereeing decisions, managerial touchline bans and a misfiring striker is quite another.

But that’s what Virgin Money is asking of Manchester United supporters via its MUFC-branded one-year bond.

The MUFC board has taken a gamble on appointing Mourinho. Virgin is doubly gambling that

  • (a) the club’s fans will be tempted by a bonus payable if he leads them to the Premier League summit, and
  • (b) that he is pipped by Pep, or Conte or (please let it be so) Ranieri.

All good fun, you might think. But the (red) devil is in the detail.

Put your savings money into Virgin’s MUFC one-year bond and you get a guaranteed 1.25 per cent interest. That would rise to a heady 2.5% should Mourinho lead his new charges to the Premier League title.

Alternatively, you could invest in Hinckley & Rugby’s one-year bond at a guaranteed 1.35%.

You could put the difference on a punt that your own team is going to win. Foxes fans who plundered five figure pay-outs from the bookies after backing Leicester City last season at odds of up to 5,000-1 know that the unlikely can indeed happen.

Hinckley & Rugby Building Society chief executive Chris White.

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