Bradford & Bingley to launch market-leading one-year eBond

Bradford & Bingley will launch a one-year eBond with a market-leading fixed rate of 6.50% p.a. gross/AER on Monday 14 January.

The limited edition online bond has a minimum deposit requirement of £1,000, with a maximum balance extending to £2,000,000. Withdrawals are not permitted until maturity of the account on its one-year anniversary.

Customers who would prefer their interest to be credited on a more regular basis can take advantage of a monthly interest rate of 6.31% p.a. gross (6.50% AER).

The bond can be opened by clicking onto bradford-bingley.co.uk\savings

Paul Whitlock, head of savings at Bradford & Bingley, said: “Our one-year fixed rate eBond is ideal for customers looking for a market-leading home for their money that offers them the convenience and flexibility of saving online. The account is only available for a limited time so customers should take advantage of this great rate before it's too late."