Bradford & Bingley launches competitive fixed rate bonds

Bradford & Bingley has launched three highly competitive fixed rate bonds, ideal for savers who are looking for an attractive return on their savings at a guaranteed fixed rate.

The limited edition range includes a one-year fixed rate bond at 6.25% p.a. gross/AER, which matures on 15 January 2009, and a two-year fixed rate bond at 6.00% p.a. gross/AER, which matures on 15 January 2010. Both products are available through local Bradford & Bingley branches or by telephoning 0845 600 8885.

For customers who prefer to save online, Bradford & Bingley has launched a one-year eBond with a highly competitive fixed rate of 6.25% p.a. gross/AER. The internet-only account is available online at bradford-bingley.co.uk\savings

Each of the bonds has a minimum deposit requirement of £1,000, with a maximum balance extending to £2,000,000. No withdrawals are permitted until maturity.

All three products 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: “Customers looking to find the best home for their savings can take their pick from this terrific trio of fixed rate bonds. All three products offer a highly competitive rate to savers who are looking for the reassurance of a fixed return on their savings."