Bradford & Bingley new bonds
Thursday, 24 Jan 2008 08:37
Bradford & Bingley is launching three new fixed-rate bonds.
The new range includes a six-month fixed-rate bond at 6.70 per cent pa gross (6.81 per cent AER) which matures on July 30th 2008.
The bank is also offering a one-year fixed rate bond at 6.20 per cent p.a. gross/ AER, maturing on February 11th 2009, and a two-year fixed rate bond at 5.80 per cent p.a. gross/AER, maturing on February 10th 2010.
The bonds have a minimum deposit of £1,000 and a maximum balance of £2m.
Monthly interest payments are available, but no withdrawals are permitted.
Paul Whitlock, head of savings at Bradford & Bingley, said: "All three products offer a competitive rate to savers who are looking for the reassurance of a fixed return on their savings.
"Our six-month fixed-rate bond is ideal for customers wanting a best buy rate but who don't want to have to tie their money up for a long period of time. While our one-year and two-year fixed rate bonds offer savers the security of attractive guaranteed returns over a longer period."