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New three year bond gets 3.25%

A new fixed rate bond paying 3.25 per cent interest (Gross/AER) has been launched by Hinckley & Rugby Building Society.

The three-year bond has a minimum investment of £1,000 and a maximum balance of £300,000 and can be opened in branch, via phone, post and online.

Hinckley & Rugby chief executive Chris White said:

This new bond should appeal to savers looking for a good, guaranteed return well into 2015, delivered with outstanding customer service.

The three-year bond allows withdrawals after the first year, but with a penalty of 180 days of interest.

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