Bradford & Bingley launches competitive six-month fixed term bonds

Bradford & Bingley has launched a double act of high earning, limited edition, fixed term bonds, giving savers the opportunity to take advantage of highly competitive rates with the added security of a guaranteed fixed return on their savings.

Both the six-month eBond, only available online, and the six-month bond have extremely attractive rates at 6.40% p.a. gross (5.12% p.a. net), allowing customers to enjoy a market leading rate. The annual equivalent rate is 6.50%.

The six-month eBond is only available online at www.bradford-bingley.co.uk/savings, while the six-month bond is available by post, through a local branch 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: “With both the eBond and the regular bond offering the same rate, customers can choose to arrange their savings in a way that is most convenient to them. Our fixed term six-month bonds offer great value to those investors who want to take advantage of exceptional fixed savings rates but who don't want to have to tie their money up for a long period of time."