Bradford & Bingley launches trio of fixed rate bonds

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

The limited edition range includes a market-leading high street fixed rate bond at 6.70% p.a. gross (6.81% AER), which matures on 30th July 2008. This 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.

Also on offer is a one-year fixed rate bond at 6.20% p.a. gross/ AER, which matures on 11th February 2009, and a two-year fixed rate bond at 5.80% p.a. gross/AER, which matures on 10th February 2010. All bonds are available through local Bradford & Bingley branches or by telephoning 0845 600 8885.

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 products offer the option of a monthly interest rate for savers who would like their interest to be paid on a more regular basis.

Paul Whitlock, head of savings at Bradford & Bingley, said: “All three products offer a competitive rate to savers who are looking for the reassurance of a fixed return on their savings. Our six-month fixed rate bond is ideal for customers wanting a best buy rate but who don't want to have to tie their money up for a long period of time. While our one-year and two-year fixed rate bonds offer savers the security of attractive guaranteed returns over a longer period."