John Lewis Offers’ Bonds with an Annual Return of 6.5%
John Lewis Offers’ Bonds with an Annual Return of 6.5%

John Lewis is currently offering customers and employees an opportunity to invest £10,000 in the organization. The Company has offered a new Partnership Bond of five years that will deliver returns of 6.5% per annum.

The return will be divided into two parts, as people will be paid cash returns of 4.5% every year, while the other 2% will be paid through vouchers that can be used at Waitrose. Following the completion of five years, the invested money will be returned to buyers in full.

People interested in making investments will have to buy bonds of a minimum value of £1,000 with a higher limit of £10,000. People can make multiple lump sum investments in £1,000 bonds.

Buyers wanting to buy the bonds will have to submit an application before the 11th of April, 2011. John Lewis has announced that it will be offering the bonds on a strictly first come, first-served basis.

The offer made by John Lewis has followed the bonds that were sold by Tesco Bank recently. It had offered returns of 5.2% per annum to people for a period of seven years and had helped the financial institution in raising more than £125 million.

It needs to be pointed out that people buying the bonds will not be able to avail of the Financial Services Compensation scheme.

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