Barclays Wealth introduces new fixed bonds deal

Barclays has launched a new investment savings package.

Investors with a Barclays bank account and interested in the benefits fixed bonds can offer may wish to explore a new offer from the financier.

The lender last week added to its range of fixed rate bonds last week (October 22nd) by launching a new Regular Income Bond, a product which is designed to offer people the opportunity to gain a "frequent, dependable level of income" following the global economic downturn.

Under the terms of the new deal, this FTSE-linked package can either be taken out with a fixed annual payment or monthly income over the course of a six-year period.

The former option gives a rate of 5.60 per cent, while the latter has a monthly rate of 0.46 per cent attached to it.

Lisa Chaudhuri, vice president at Barclays Wealth, remarked that these deals are intended to offer investors the chance to yield returns despite the fact that interest rates remain at a record low.

Meanwhile, an expert from one fiscal management firm said last week that people are not currently saving enough money for their retirement.

By Kate Guthrie