Bradford & Bingley: Three new bonds
Thursday, 06 Mar 2008 17:02
Bradford & Bingley is offering three new longer-term fixed-rate bonds.
The two-year, three-year and four-year bonds each offer 5.75 per cent gross/AER (4.60 per cent net pa) for annual interest payments – or 5.60 per cent gross (4.48 per cent net) for monthly payments.
The minimum investment is £1,000 and the maximum balance stands at £2 million. During the life of the bond no deposits or withdrawals are allowed until maturity.
Paul Whitlock, head of savings at Bradford & Bingley, said: "Our fixed rate bonds are designed to appeal to savers who are looking for a longer-term home for their money that offers them a highly competitive fixed return.
"These limited edition bonds are ideal for customers who don't require instant access to their savings and can therefore take advantage of a great rate that will remain unchanged for the term of the bond, even if the Bank of England reduces the base rate."