Bond launch by Northern Rock bank

Northern Rock has launched a further postal savings guaranteed capital bond with an income of 8% gross over a three or five-year period. Guaranteed Capital Bond - Issue II also provides growth options of 24% over three years and 40% over five years. The offer period lasts until 31 August and the bond begins its life on 1 September. Minimum investment is £2,500. The bond is linked to the FTSE 100. While return of original capital invested is guaranteed, growth or income returns depend on the performance of the index. Provided there is no fall in the FTSE 100, from its starting level on 1...