BOSTON: Early bird investors looking to get a flying start in the new tax year can expect an annual return of 4.4% through a new retail charity bond.
The Hightown Praetorian & Churches Housing Association Retail Charity Bond – the first of its type available in the 2015-16 tax year – has a minimum subscription amount of $1,000, paying a fixed rate of interest at 4.4% per annum.
It also offers ethically-minded investors a chance to back charitable activities in their own area as Hightown is raising the cash to support its affordable housing development program.
The charitable housing association builds and manages affordable homes to rent…