NFU Mutual has launched two investment bonds as part of its centenary range, offering investors a five-year guarantee on the money they have paid in, no matter the state of the market.

The NFU Mutual Classic and Mutual Vintage bonds aim for growth and have a special guarantee to protect capital every five years, provided investors have made no withdrawals.

Chris Linpow, investment specialist at NFU Mutual, said investors were still looking for growth opportunities and security for their investments.

He said: “Both bonds spread investments across different types of assets, helping to reduce risk.

“One gives immediate exposure to the ups and downs of market movements, while the other aims to hold back some of the returns from good years to boost poorer years.”

Lippow said an additional annual charge of 1 per cent would be added to the bonds to cover the five-year guarantee.

The firm said until the bonds are fully subscribed it would enhance investments made before 30 September. Investments of  £25,000 or more will have 0.5 per cent added by NFU Mutual, while investments of £50,000 or more will receive an additional 1 per cent.

The NFU Mutual Classic bond will invest in its multi-asset Cautious Managed fund and aims to generate potential long-term capital growth. The NFU Mutual Vintage bond is a with-profits bond aiming for growth over the long-term and will be managed by NFU Mutual’s investment team who will invest monies together with all its with-profits policyholders.