Rates of up to 5.17% are still available on some guaranteed income bonds
Rates on guaranteed income bonds have held up well, despite last week's interest rate cut. Investors with large sums to invest can still receive rates of up to 5.17% per year, net of basic rate tax, according to Baronworth Investment Services' most recent survey of rates. Countrywide Assured re-entered the guaranteed income bond market on Tuesday 18 September after suspending the taking of new business in light of events in the US. Colin Jackson, a director of Baronworth Investment Services, said he was glad Countrywide Assured had re-entered the market as he had been concerned about...
To continue reading this article...
Join Professional Adviser for free
Signup and gain exclusive members-only insights
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes
