UK bank NatWest has launched a new limited edition one-year fixed rate bond at 5.25% that is designed for savers looking for a guaranteed rate over the next 12 months.
The new limited edition bond is aimed at those looking for a fixed rate of interest and looking to have their capital guaranteed. It has a rate of 5.25%, interest paid at maturity, and a minimum investment of GBP1,000 that must be kept for the full one-year term with no withdrawals made.
The maximum balance for the bond is GBP25,000.
The launch of the new fixed rate bond follows on from what NatWest describes as the overwhelming popularity of two similar bonds introduced last year.