Guaranteed equity bond

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The Independent Online
BRISTOL & West Building Society is launching its Balanced Guaranteed Equity Bond. Minimum investment is pounds 1,000. Half of any deposit will be put into a one-year investment account, earning interest fixed at 8 per cent gross. The other half will be invested in a five-year Guaranteed Equity Bond. All capital will be returned even if the stock market goes down. Closing date is 23 July.

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