Bradford & Bingley increases savings rates
Friday, 13 Jul 2007 16:27
Bradford & Bingley has increased all the interest rates on its savings accounts by 0.25%.
The extra 0.25% will be added to all existing Bradford & Bingley savings accounts, including closed accounts, coming into effect from July 29th 2007.
For example Bradford & Bingley’s eSavings4 online savings account will see its bonus rate of 6.01% rise to 6.26% pa gross/AER.
"Following the Bank of England’s announcement to increase the Bank Base Rate, we are delighted to be able to pass this rate rise on, in full, to our savings customers," said Ian Cornelius, director of retail products at Bradford & Bingley.
"We feel it is only right and fair that savers are incentivised to put their money away and, as such, we believe in rewarding them for their efforts by offering them a wide range of savings accounts with competitive rates and criteria to suit their individual needs."