Cater Allen launches bond series

| June 5, 2009 | 0 Comments

Cater Allen has launched a series of new fixed-rate bonds paying interest at up to 5.25%.

The Santander-owned private bank said the bonds offer security of capital and a fixed, guaranteed return.

Bonds offered by the bank include a three-year escalator bond, a two-year bond, a 12-month bond, and a nine-month bond.

The three year escalator bond requires a minimum deposit of £5,000 and pays interest at 3.25% in the first year, 4.25% in the second year, and 5.25% in the third year.

For the two year bond, investments between £5,000 and £50,000 are paid 3.7% interest, whilst investors depositing over £1 million benefit from a 4.5% interest rate.

The nine and twelve month bonds pay interest at 2.31% and 3% respectively, and investments must be between £50,000 and £250,000.

Cater Allen, founded in 1816, provides specialist, private, and business banking services.

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