Originally Posted by
helimutt
Nescafe, at the end of yr 5 you owe 10k. :-
Period from start date
.Repayment amount
less than 1yrs service
.£50k
completion of yr2
...£40k
completion of yr3
...£30k
completion of yr4
...£20k
completion of yr5
...£10k
completion of yr6
.Nil
So maybe Im reading it wrong but surely owing £10k at the end of yr5 means im bonded for another yr?
Nescafe's version is a 5 year bond. Your's is a 6 year bond.
And some company bonds even 'pay off' on an monthly basis, not annually.