Bradford & Bingley launches highly competitive six-month bond

Bradford & Bingley has launched a six-month bond with a highly competitive fixed rate of 6.40% p.a. gross (6.50% AER).

The limited edition bond has a minimum deposit requirement of £1,000, with a maximum balance extending to £2,000,000. Withdrawals are not permitted until maturity on 16 July 2008.

A monthly interest rate of 6.31% p.a. gross (6.50% AER) is available to customers who would prefer their interest to be credited on a more regular basis.

Paul Whitlock, head of savings at Bradford & Bingley, said: “Our six-month fixed rate bond is ideal for customers who want to earn an attractive fixed return on their savings but who don't want to have to tie their money up for a long period of time. With the bond due to mature in July, it's a great way for customers to not only put aside some spending money for next year's summer holiday, but to make the most of their money with the highly competitive rate of interest on offer!"