Nationwide reissues L&G Portfolio Bond

Nationwide has reissued its Legal & General Portfolio Bond, offering savers the opportunity to invest in highly rated funds.

Customers opening the bond can put together their own investment portfolio from a range of 21 funds.

Savers who rely on their investments for an income can make regular withdrawals from the bond.

The minimum investment is £5,000 with at least £1,000 in each fund, and customers can add up to five further lump sums to the bond, of at least £5,000.

Nationwide said the bond gives savers the chance to boost their income in today’s climate of low interest rates.

Robin Bailey, Nationwide’s director of insurance and investments, said: “In a low interest rate environment, Nationwide is acutely aware of the need to offer a range of investment products that are capable of generating additional income for our investors.

“We believe that the L&G Portfolio Bond is good news for those customers who are looking for a regular withdrawal to provide them with a fixed level of income from their investments.”

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