Portland's market leading rollover bond

Portland has unveiled the launch of its new one-year Rollover Bond, which offers a fixed interest rate of 5.60 per cent.

15:39 03 June 2004

Portland has unveiled the launch of its new one-year Rollover Bond, which offers a fixed interest rate of 5.60 per cent.

The minimum investment in the bond is 2,500, with a maximum of 100,000, and it runs until August 31st 2005.

Compared with other rollover bonds, Portman's beats Birmingham Midshires, Sainsbury's Bank and Capital One Bank in terms of the rate offered.

Portman's Group Marketing Manager, James Wright said: "The Rollover Bond is a very popular savings product and this new issue offers savers a market-leading rate for a minimum investment of 2,500."

He concluded by saying it was time to act fast: "We expect demand to be high for this account and I would advise savers to move quickly to avoid disappointment."

This new Rollover Bond will be available from this Saturday, June 5th.

Unless the customer chooses to close the bond early, they will be unable to access their funds until September 1st 2005. Early closures are subject to a 90-day interest penalty.

Upon maturity at the end of August 2005, savers will be given the option to rollover to the rate and terms of a Portman one year fixed interest bond current at that time.