Cheshire launches fixed-rate bond

Cheshire has introduced an 18-month fixed rate bond at 5.18% AER for investments above 5,000 and 5.14% AER for investments between 1,000 and 4,999.

With a minimum investment of 1,000 and a maximum of 2,000,000, the bond enables investors who are able to tie up their money for the 18-month period, to benefit from guaranteed returns.

No additions can be made to the original investment but other fixed rate bonds can be opened.

Jo Allan, marketing manager at Cheshire, says: This is a great product for individuals who can put money away for 18 months in order to benefit from the competitive rates. It is a risk free option, boasting one of our best ever bond rates, which I am sure will be popular with new and existing members alike.