The High Life 2-in-1 Saver (Issue 3) - includes a savings account with a difference and gives you two reasons to smile. Your initial investment is split so that up to 40% is deposited in the High Life Fixed Rate Savings Bond Issue 3 with Bradford & Bingley and at least 60% of your initial investment will be placed into a Legal & General Portfolio Bond, which is a stock market related investment.
Here's how it works:
Save with Bradford & Bingley at 8.50% Gross p.a./AER fixed for 12 months
- Bradford & Bingley Fixed Rate Savings Bond
- Minimum Investment is £3,333
- No withdrawals or additions are allowed
Invest with Legal & General
- Potential for long term growth or income from Legal & General's Portfolio Bond
- Be prepared to invest for at least five years, ideally longer
- Minimum investment is £5,000
- Charge applies if you cash-in all or part of the bond in the first five years
- Unlike a deposit account, capital in the bond is not guaranteed. Its value and the level of income may go down as well as up and you may get back less than you invest
Important Notes
Minimum investment £8,333 (£3,333 in Bradford & Bingley Fixed Rate Savings Bond, £5,000 in Legal & General Portfolio Bond). Maximum investment £2,500,000 (maximum £1,000,000 with Bradford & Bingley, maximum £1,500,000 with Legal & General). This product is limited issue and can be withdrawn from sale at any time.
The product is only available following a financial review with a Legal & General Adviser who can offer you advice on Legal & General's life assurance and investment products.
Bradford & Bingley High Life Savings Bond 3
AER stands for Annual Equivalent Rate. This shows the notional rate assuming interest is paid and compounded yearly. Gross is the contractual rate of interest payable before the deduction of income tax at the basic rate (currently 20%). Monthly interest options - please ask for details. You must hold the Legal & General Portfolio Bond recommended by the Legal & General Adviser for at least 30 days in order to get the rate from the Bradford & Bingley Fixed Rate Bond, otherwise the Fixed Rate Savings Bond from Bradford & Bingley will be cancelled without interest.
Legal & General Portfolio Bond
Single Premium Life Assurance contract used for long term investment purposes. An investor must be under age 90 and over 18. There is no fixed term investment although the bond should be considered a medium to long-term investment; at least five years, ideally longer.
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Tools & Information
Bradford & Bingley's retail deposit business transferred to Abbey National plc on 29 September 2008.
Abbey National plc. Registered Office: Abbey National House, 2 Triton Square, Regent's Place, London, NW1 3AN, United Kingdom. Registered Number 2294747. Registered in England. Telephone 0870 607 6000. Calls may be recorded or monitored. Authorised and regulated by the Financial Services Authority. FSA registration number 106054. Abbey and the flame logo are registered trademarks.
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