Bradford & Bingley 6.81% AER Fixed Rate Bond

[Secret Wookie 2]

Just got the nod from a contact that Bradford & Bingley have
a 6 month bond due out on Wednesday 9th paying 6.81% AER monthly and 6.70% Annual Interest.

Apparently it won't be available online though, just through branches.
Looks like a good deal if base rate goes down on the 10th April as
expected.

[bristolleedsfan]

Nice info. :T

Pity ISA fixed rates never hit the heighths of Non ISA fixed rates. :(

[davidmt83]

I'm confused with what the difference is between the above and

http://www.bradford-bingley.co.uk/savings/great-ISA-rate.asp

1 Year Fixed Rate ISA (Issue 4) at 6.25% AER

What do you mean when you say "6 month bond"?

[free4440273]

Shame it's not a one year bond...

[10_66]

The 1 year fixed rate ISA @ 6.25% will earn tax free interest, rate being fixed for 1 year.

A 6 month fixed rate product has the interest rate fixed for 6 months, but interest earned would not be tax free, if the product in not an ISA.

[davidmt83]

The 1 year fixed rate ISA @ 6.25% will earn tax free interest, rate being fixed for 1 year.

A 6 month fixed rate product has the interest rate fixed for 6 months, but interest earned would not be tax free, if the product in not an ISA.

Exactly although I wasn't sure what the OP meant by "6 month bond"...

[salty seadog]

a bond generally means that you put in a lump sum and cannot touch it until the bond matures (in this case for 6 months). If you do make a withdrawal in that time you will suffer a penalty of say a loss of 30/60/90 days interest. You need to read the T&C's of each account to see the exact penalty.

[bristolleedsfan]

Info is on Money Facts, virtually a 7 month term

http://www.moneyfacts.co.uk/savings/bestbuys/short-term-fixed-rate-bonds.aspx

[Dagobert]

You cannot transfer money from a B&B eSaver to the bond. You would have to transfer the money to a current account and write a cheque. Fastest turn-around possible would be 4 days of lost interest if transferring out on Monday and taking the cheque to the branch on Wednesday.

[Secret Wookie 2]

I have had confirmation that the bond launches tomorrow.

There is also a rumour that they are working on a top of the best table one year Fixed rate bond for early next week.

[bristolleedsfan]

There is also a rumour that they are working on a top of the best table one year Fixed rate bond for early next week.


Long may Bradford and Bingleys need for funds continue. :laugh: