Property News · May 19, 2012

How to earn 7.5% on your savings … but only for the brave


Fixed rate bonds pay up to 4.5%, but retail bonds offer much more. Rupert Jones reportsSavers looking for a better return on their money can earn up to 4.5% interest by putting their cash into a fixed-rate bond. Or they can make more – typically between 5% and 7.5% – with its riskier relative, the retail bond. But what is the difference?Retail bonds are issued by companies and aimed at private investors. They have been hoovering up a lot of cash lately – Tesco’s banking arm launched one at the start of this month offering a fixed rate of 5% a year until the end of 2020. On 14 May, Tesco Bank pulled down the shutters after revealing it had pulled in £200m in less than two weeks. Continue reading…

Source : theguardian.com
Read more…How to earn 7.5% on your savings … but only for the brave

You may also like...