Privilege bond good for long-term investors

Anglo Irish Bank has launched a deposit bond for investors looking to invest for the medium to long term. The Privilege Bond is a fixed rate deposit account available over 12, 18 or 24 months. The bond offers 100% capital security, and incorporates two features; it allows access to 10% of the capital per annum without penalty, and interest can be paid either annually on the anniversary of the investment, or upon maturity. Interest rates vary depending on the term of the investment. For the 12 months option, the interest rate is 3.9%; for 18 months it is 4%; and for the 24 months optio...