FTAdviser.com

Advertising

Standard Life Bank

Type: Fixed rate bond

Description: Standard Life Bank has launched a nine month fixed rate bond paying 5.25 per cent.

Conditions: The bond is a fixed term telephone operated account maturing on August 11, 2009. Investors need a minimum investment of £1000 paying 5.25 per cent on maturity, or 5.12 per cent monthly. No earlier access or additions permitted.

Contact: www.standardlife.co.uk

Verdict: This bond looks competitive in comparison with other offerings on the market at the moment, but it certainly is not market leading. With a minimum investment of £1000, this would appeal to investors from all ranges, not just high earners. However, with no earlier access or further additions are permitted, investors have to make sure they can fully commit to the full term so they do not lose out. But overall the product should fare well in the market.

Rating: 3/5 stars