If you're considering investing a lump sum but want to retain some flexibility over your money, an Income Bond could be the solution. Our Income Bonds provide the potential for capital growth through the addition of potential bonuses while offering a steady income stream to the holder – with no immediate tax implications.
Open an account with us today, or view our alternative lump sum investment options to suit different saving habits and financial aims.
Try our Annual, Half-Yearly, Quarterly, or Monthly Income Bonds.
Our Income Bonds allow you to invest a lump sum, benefit from potential growth and bonuses, and receive a regular income if you choose. You can select the income frequency that best suits your lifestyle, which is ideal for retirement or simply supplementing your current earnings.
Key Considerations:
Although there’s no fixed term, this plan is for medium to long-term investing. After five years, you’ll receive at least your initial investment minus any withdrawals. If you surrender earlier, there’s a penalty, and you might receive less than you originally put in. For this reason, we recommend being comfortable investing for at least five years to benefit from this plan.
Also, while you can take an income of 1% to 5% per year, conditions apply:
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A minimum investment of £10,000 is needed to take a monthly income.
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A minimum investment of £30,000 is required for withdrawals under 2% per year.
If you’re not looking for an income, why not try our Investment Bond? You can start investing from £1,000, so it’s an even more accessible way to save a lump sum.
For more information on the risks, please refer to the relevant 'risks you should be aware of' section for each product.