Bradford & Bingley, a financial services company, has launched three new fixed rate bonds for savers who are looking for good returns on their savings at a guaranteed fixed rate.
The limited edition range includes a six-month fixed rate bond at 6.40% per annum gross, which matures on July 18, 2008, and a one-year fixed rate bond at 6.50% per annum gross/AER, which matures on January 21, 2009. Savers wishing to put their money away for a longer period of time can take advantage of Bradford & Bingley’s two-year fixed rate bond at 6% per annum gross/AER, which matures on January 20, 2010.
Each of the bonds has a minimum deposit requirement of GBP1,000, with a maximum balance extending to GBP2 million. No withdrawals are permitted until maturity. All three bonds offer the option of a monthly interest rate for savers who would like their interest to be credited on a more regular basis.
Paul Whitlock, head of savings at Bradford & Bingley, said: Many people resolve to save more in the New Year and these market-leading bonds offer them a great way of doing so. Providing the reassurance of a fixed return, they are ideal for savers looking to get the most from their money.