Credit card provider Barclays is offering income seekers a six-year solution.
Credit card provider Barclays has revealed it will extend the investment term of its regular income bond from five to six years.
Credit card provider Barclays is offering income seekers a six-year solution. ”
The FTSE 100-linked income bond will offer investors an annual return of 7% or a monthly return of 0.57%, according to Barclays Wealth.
Unless the FTSE 100 falls by more than half at any point, and is lower than its starting level at maturity, investors will have their capital returned in full.
Should this happen, capital will be reduced 1:1 in line with the index, Barclays Wealth has said.
Lisa Chaudhuri, manager of Barclays Wealth, commented: "With savings rates at record lows and dividends being cut with alarming frequency it is not a good environment for investors seeking a regular and dependable stream of income.
"The Regular Income Bond is designed for those who are prepared to accept a risk to their capital in return for a rate of return 6.5% above the current base rate."
Barclaycard is current offering a platinum credit card with 0% interest on balance transfers for 12 months from the date on which the account is opened, with a 2.5% handling fee.
The rate on the card is 12.4% APR typical variable.
Written by Sam Dawson ©
