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Monmouthshire B.S. Members Bond

Min. balance for annual interest £2.5k, (£5k for monthly interest). Forgot what the max'm opening balance was but I couldn't afford it anyway.
1 year duration, interest rate 6.8% gross.
Link is here http://www.monbs.com/content.php?nID=322

Comments

  • Thanks for that. Have just followed your link to have a look. Their websitre is a little slow right now so thought I would copy the key features here for others to look at if they are interested:

    This bond is a limited issue available to existing members of the Society only.

    Annual Interest Option

    Minimum Investment: £2,500.
    Maximum Investment: £250,000.
    Interest Rate: 6.80% AER/Gross per annum - Fixed.

    Interest is calculated on a daily basis and paid on maturity.

    Monthly Interest Option

    Minimum Investment: £5,000.
    Maximum Investment: £250,000.
    Interest Rate: 6.60% Gross (6.80% AER)

    Closure of the bond is permitted at any time subject to a penalty equal to 90 days loss of interest.
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