The Family Building Society has launched a 'Brexit bond', a savings bond that aims to appeal to both 'leavers' and 'remainers' through offering savers two distinct options.
There are two versions of the Brexit bond, one for those optimistic about Brexit negotiations and one for those who feel pessimistic about Britain leaving the EU. It is a fixed term savings product that offers an interest rate of 1% per annum plus a potential 2% bonus at the end of the fixed term. Savers optimistic about the outcome of Brexit, who expect the pound to strengthen against the euro, can invest in the Brexit Optimist bond, which will pay a 2% bonus at maturity if the pound buys more euros on 29 March 2019 than 28 March 2017. No bonus is paid if the pound has weakened again...
To continue reading this article...
Join Professional Adviser for free
- 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