Bradford & Bingley launches market-leading fixed term bonds

Bradford & Bingley has today launched three market-leading fixed term bonds, giving savers the opportunity to take advantage of highly competitive rates with the added security of a guaranteed fixed return on their savings.

The bonds have extremely attractive rates, ranging from 6.30% p.a. gross/AER (5.04% p.a. net) to 6.45% p.a. gross/AER (5.16% p.a. net). For those customers who prefer their interest to be credited on a more regular basis, all three products are available with a monthly interest rate.

The fixed term one-year eBond offers customers a superb rate of 6.30% p.a. gross/AER (5.04% p.a. net) and is ideal for customers who want a guaranteed rate of return that offers both an attractive rate and a commitment of just one year. The eBond is only available online at bradford-bingley.co.uk/savings.

There is a minimum deposit requirement of £1,000, with a maximum balance extending to £2,000,000.

In addition, for savers without access to the internet, or for those seeking the convenience of a local branch, a one-year bond is available at a rate of 6.30% p.a. gross/AER (5.04% p.a. net) by post, through a local branch or by telephone.

For savers looking to invest their money for a longer period, Bradford & Bingley’s new two-year bond has a very competitive rate of 6.45% p.a. gross/AER (5.16% p.a. net) and is also available by post, through a local branch or by telephoning 0845 600 8885.

Both these one-year and two-year bonds have a minimum opening balance requirement of £1,000 and a maximum balance of £250,000.

Ian Cornelius, director of savings at Bradford & Bingley, commented: “Our fixed term bonds offer great value to those investors who want to take advantage of exceptional savings rates with the added security of guaranteed returns. In addition, customers are able to choose to access their accounts online, by post, phone or via our branches, giving them the flexibility to invest their money in a way that suits them best.”