Bradford & Bingley launches market-leading fixed rate bonds

Bradford & Bingley has launched three market-leading 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 six-month fixed rate bond at 6.40% p.a. gross (6.50% AER), which matures on 18 July 2008, and a one-year fixed rate bond at 6.50% p.a. gross/AER, which matures on 21 January 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 6.00% p.a. gross/AER, which matures on 20 January 2010.

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 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."