A limited issue, the five year fixed rate bond offers a guaranteed rate of up to 5.00% Gross PA/AER for annual interest and 4.89% gross (5.00% AER) for the monthly interest rate option.
The minimum investment for the 5 year fixed rate bond is £5,000, with a maximum of £400,000 (subject to other Society holdings). No withdrawals can be made during the term of the bond although emergency access can be granted subject to 120 days’ loss of interest. Only the initial investment is permitted.
The bond is available through Universal Building Society’s branch network and Universal Direct, the Society’s postal and telephone service.
Kevin Robinson, chief executive of Universal Building Society, said: “This great product is further proof of Universal’s reputation for competitive investment products. We expect demand to be high.”
For further information about Universal Building Society and its products, tel: 0800 028 83 83.
