B&B launches new Internet Saver 2 Account

Bradford & Bingley has responded to demand from cyber savers and launched Internet Saver 2, an internet only account with no gimmicks, no hidden catches. Just a simple, straightforward, easy to access, superb online rate.

The limited edition, market-leading Internet Saver 2 Account provides a best buy rate of 6.40% p.a. gross/AER, (5.12% net p.a.)variable, as well as offering savers easy access to their money without penalty.

The Internet Saver 2 Account requires a minimum deposit of just £1.00 (one pound) with a maximum balance extending to £250,000. Customers can open and operate the account by clicking onto bradford-bingley.co.uk. No notice is required for withdrawals, which can be made on a penalty-free basis via BACS transfer to the customer's nominated bank account.

The Internet Saver 2 account has been launched in response to the ever increasing demand for internet-only products, with take up of Bradford & Bingleys online savings having increased by 50% since October 2007.

Paul Whitlock, head of savings at Bradford & Bingley, said: "In a competitive market customers need to ensure they choose a product which offers them transparency and flexibility as well as a competitive rate. We think our Internet Saver 2 Account offers customers the best of both worlds and is perfect for ‘cash rich, time poor’ customers who want to manage their money at a time that is convenient for them.”