Abbey, Alliance & Leicester, Bradford & Bingley: New fixed rate savings bonds

Tuesday, 05 May 2009 02:01

Abbey, Alliance & Leicester and Bradford & Bingley - now all part of the Santander Group - are launching new savings rates of up to four per cent.

The Fixed Rate Monthly Saver offers 4.00 per cent gross AER if no withdraws are made over a year and 3.67 per cent if one withdraw is made.

Monthly deposits of £20 to £250 by standing order are necessary - and if more or less than these figures are deposited the rate drops to 0.10 per cent for that month.

Fixed-rate bonds of up to 3.50 per cent are also available, with higher rates of 3.80 per cent at Bradford & Bingley only.

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