Abbey Guaranteed Income Bond investment launched

Abbey has launched the sixth issue of its Guaranteed Income Bond investment, which offers customers a guaranteed fixed income of 3.8 per cent per annum net (equivalent to 4.75 per cent per annum gross).

The Abbey Guaranteed Income Bond offers customers protection of their capital as well as income for the next four years.

Payments will be made monthly, quarterly or annually, depending on the wishes of the customer.

Pak Chan of Abbey said, "The Guaranteed Income Bond continues to be incredibly popular. It gives people the opportunity to secure a fixed income which is above the current base rate for the next four years."

The Abbey Guaranteed Income Bond is the only life bond that is available on the high street that offers customers a guaranteed fixed income.