UK Money News
29th April 2008
New bond launched by Bradford & Bingley
Bradford & Bingley has announced the launch of a new one-year fixed rate bond offering investors a rate of 6.60 per cent AER.
The bond is available for a limited time only with a minimum deposit of £1,000 and an option to have interest paid monthly at a rate of 6.40 per cent.
Once the account is opened no further additions can be made with the maximum permitted to be deposited standing at £200,000.
At the end of the one-year term, the bond reverts to the same rate offered by Bradford & Bingley's Matured Bond Account.
Paul Whitlock, head of savings at Bradford & Bingley, said: "Our new one-year fixed rate bond is ideal for savvy savers looking for a highly competitive, fixed return on their money.
"This great rate is available on a strictly first come, first served basis, so savers should take advantage of it while they can to make sure they don't miss out."
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