To mark the launch, Pinnacle has a special offer paying up to 4.68% net monthly income for a three-year term. This is equivalent of up to 6.24% gross for higher rate taxpayers. The minimum investment is £25,000.
Both capital and income payments are guaranteed providing the bond is kept for the full investment period.
Kathy Byrne, managing director of investments, says: “Our launch offer beats any other monthly guaranteed income bond product on the market. For taxpayers this is a tax efficient way to invest.”
Colin Jackson, of Independent Financial Adviser Baronworth, says: “Pinnacle has always been a market leader in the GIB market and the monthly income option should prove to be a very exciting development.”