Retail bond paying 7.5% launches – should you buy it?

A new bond from care village operator Belong looks eye-catching but how do retail bonds work, and what are the risks?

Hand putting money coin in piggy bank with percentage sign symbol
(Image credit: Getty Images)

A new retail bond paying a 7.5% coupon has launched, beating the interest rates on top savings accounts.

The best savings account currently pays 5%, after Chase hiked its easy-access rate for new customers.

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Ruth Emery
Contributing editor

Ruth is an award-winning financial journalist with more than 15 years' experience of working on national newspapers, websites and specialist magazines.

She is passionate about helping people feel more confident about their finances. She was previously editor of Times Money Mentor, and prior to that was deputy Money editor at The Sunday Times. 

A multi-award winning journalist, Ruth started her career on a pensions magazine at the FT Group, and has also worked at Money Observer and Money Advice Service. 

Outside of work, she is a mum to two young children, while also serving as a magistrate and an NHS volunteer.