Personal Finance: Loose Change

WOOLWICH is launching a five-year guaranteed equity bond linked to returns of the FTSE 100. The maximum payout will be 35 per cent of any growth in the Footsie over that period, and your original investment is guaranteed. In the final 12 months, growth is averaged to offset any last-minute fluctuations. The minimum investment is pounds 6,000 and the maximum is pounds 500,000. Details from Woolwich branches.

COVENTRY Building Society is launching a two-year fixed-rate bond paying up to 5.8 per cent gross on sums above pounds 25,000. Annual or monthly income options are available. The bond is sold through branches or by post. Call 0845 7665522.