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Bradford & Bingley launches eye-catching fixed rate bonds

edited 30 November -1 at 1:00AM in Savings & Investments
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edited 30 November -1 at 1:00AM in Savings & Investments
Bradford & Bingley launches eye-catching fixed rate bonds
Bradford & Bingley has today announced the launch of five fixed rate bonds, one of which boasts the best rate currently available on the high street.
This new highly attractive range of savings products gives savers the opportunity to take advantage of competitive fixed rates whilst offering them the flexibility of managing their savings online or via a more traditional method, through local branches, by telephone or by post.

The range includes the high street busting six-month bond, which has an eye-catching rate of 6.40% p.a. gross, 5.12% p.a. net (AER* 6.50%). In addition, there is a one-year bond, which also boasts a rate of 6.40% p.a.gross/AER, 5.12% p.a.net, and an attractive two-year bond, which benefits from a rate of 6.20% p.a. gross/AER, 4.96% p.a. net. All of these products are available by post, through a local branch or by telephoning 0845 600 8885.**

For customers who prefer to save online, there are also two internet-only

eBonds available. The six-month eBond has a highly competitive rate of 6.40% p.a. gross/6.50% AER, 5.12% p.a. net. The one year eBond also has a rate of 6.40% p.a. gross/AER, 5.12% net. The eBonds are only available online at www.bradford-bingley.co.uk/savings

All products are available with a monthly interest rate, for savers who prefer their interest to be credited on a more regular basis.

All of the fixed rate bonds have a minimum deposit requirement of £1,000, with a maximum balance extending to £2,000,000. No withdrawals are allowed until maturity.

Paul Whitlock, head of savings at Bradford & Bingley, commented: “Our fixed rate bonds offer great value to those investors who want to take advantage of attractive savings rates with the added security of guaranteed returns.

And with the new range offering the flexibility of online saving alongside more traditional methods, as well as offering the choice of different time periods, we believe that there's a fixed rate bond to suit almost everyone."
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