Investec Private Bank's Lionel Ross talks to Investment Week about the group's new three-year fixed term bond, which is linked to the Bank Of England's base rate.
Why have you decided to launch the Investec product now? It is based on the feedback from our clients. The only way for them to get a competitive return on their cash at the moment is to look at longer terms, but people are hesitant to go into longer terms because they think interest rates are going to rise. A product like this allows a client to guarantee a return but also caters for their appetite for upside if the base rate does move that way. Do you expect the base rate to increase soon? It is certainly a possibility. The recent eurozone summit seemed to calm some of the volatil...
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