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Monmouthshire B.S. Members Bond
steady__eddie
Posts: 1,455 Forumite
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
1 year duration, interest rate 6.8% gross.
Link is here http://www.monbs.com/content.php?nID=322
0
Comments
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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.0
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