Barclays Wealth issues Regular Income Bond paying 5.75%

Barclays Wealth has launched a Regular Income Bond for investors looking to secure a competitive fixed income over the medium term.

Available now, this FTSE-linked product offers investors the option of either a fixed annual payment or monthly income over a six-year period. The annual option pays 5.75% for each year the plan is held, while the monthly option gives investors 0.47% each month.

In both options, investors' capital is lost if at any time during the term the FTSE falls to a level more than 50% below its starting level and is below the starting level at maturity. If this does occur, capital will be lost on a 1:1 basis.

Commenting, Lisa Chaudhuri, vice president at Barclays Wealth, says: "Our Regular Income Bond helps to bridge the gap between low return/low risk and high return/high risk investments, offering a competitive fixed income while providing a significant level of headroom for a potential fall in the level of the FTSE before initial capital is put at risk.

"With interest rates being held at a record low for the 22nd consecutive month, investors continue to search for products that can offer an attractive, dependable return with limited risk to capital - exactly what the RIB provides."