Nuns at Holy Trinity Monastery have launched a charitable bond to raise £2m to purchase a permanent home for the monastery to grow and expand its charitable outreach work.

The minimum investment into the bond is £1,000 over a five or ten-year period. The annual rate of interest starts at 1.22 per cent and grows to 1.71 per cent for ten-year investments over £50,000.

The monastery’s nuns plan to fundraise over the next ten years to enable them to repay investors into the bond.

Catherine Wybourne, prioress of Holy Trinity Monastery said: “We recognise that whilst most of us would like to do more to support charitable work, donating isn’t always a realistic option.  By investing in the bond, people will be allowing the Monastery to use the money they would typically put aside for savings and investments, to further our good work.”