I'm pleased to advise that Natwest bank has issued a new Fixed Rate Bond Issue on Monday 8 November
In these times of low returns, we are looking at ways of assisting the SME market place with some of the best returns on the market
As such , the below offer your clients an excellent return, and can be taken on a stand alone basis.(i.e their main banking can stay with their incumbent bankers)
There are two elements to the bond
Standard Priced Fixed Rate Bonds
The Standard Fixed Rate Bonds are open to all customers including New to Bank, Existing, Rollovers and to the Charity / Education sectors. Should a customer wish to break a Standard Priced Bond early, the closure notice period is 90 days.
Interest Rates for the bonds are set out below
Standard Fixed Rate Bond Pricing
Bond Gross rate p.a. AER Net rate p.a. Strike Date Maturity Date
6 month 1.50% 1.50% 1.20% 17 December 2010 17 June 2011
13 month 2.00% 2.00% 1.60% 17 December 2010 17 January 2012
25 month 2.75% 2.71% 2.20% 17 December 2010 17 January 2013
Enhanced Fixed Rate Bond
The Enhanced Fixed Rate Bonds are open to all customers including New to Bank, Existing, Rollovers and to the Charity / Education sectors
Due to the higher pricing early closure of the Enhanced Fixed Rate Bond before the maturity date is not permitted.
Enhanced Fixed Rate Bond Pricing
Bond Gross rate p.a. AER Net rate p.a. Strike Date Maturity Date
13 month 2.50% 2.50% 2.00% 17 December 2010 17 January 2012
18 month 3.00% 2.98% 2.40% 17 December 2010 18 June 2012
Key Information
Applications open from 8 November and will close on 10 December, subject to availability
Clients can only hold one of each Bond, unless the Bond will be used to hold client monies, in which case you may hold one of each Bond per client
I trust this is of interest to you, if you would like me to have an offline chat with any of your clients please contact Dave Furnival Dave.Furnival@rbs.co.uk
Chester word of mouth specialist, promotes and markets the best businesses in Chester. Passionately supporting local businesses, organisations and events.
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