Bradford and Bingley: New bond at 6.8%
Monday, 11 Dec 2006 17:20
Bradford & Bingley is launching a new fixed-rate bond.
The branch/postal one-year bond is at 6.8 per cent pa gross/AER (5.44 per cent pa net) and matures on February 11th 2009.
The bank is also offering a one-year e-bond, also at 6.8 per cent.
Paul Whitlock, head of savings at Bradford & Bingley, said: "Our fixed-rate bonds offer headline rates that shrewd savers will find hard to resist.
"They provide great value to canny investors who want to take advantage of attractive savings rates with the added security of guaranteed returns."
Both the branch/postal and e-bonds are open to investments from £1,000 to £2 million and both offer the option of monthly interest.
No further additions are allowed after the bonds are opened and withdrawals are not allowed until maturity.