More inflation beating products from Britannia

Britannia Building Society has added another inflation beating product to its savings range.

Available from Saturday 23 August, the new Inflation Beater 2 year Bond guarantees an interest rate higher than the Rate of Inflation.

The interest is adjusted each month to be the Rate of Inflation - currently 5% according to the Retail Price Index (RPI) - plus an extra 1.75% gross.

With a minimum investment amount of £1000 and maximum of £1million, withdrawals and additional investments are not allowed on the account during the two year term. Tim Franklin, Managing Director of Member Business, said: "This latest bond gives savers another option to guarantee their savings are beating the rate of inflation for the next two years."

The bond will mature on its second anniversary when the investments will transfer to another account linked to RPI, but which will allow additional investments and withdrawals.

Savers looking for more information should visit britannia.co.uk