Bradford & Bingley launch highly competitive fixed rate bonds

Bradford & Bingley is to launch a limited edition quartet of fixed rate bonds, offering the same great rates to customers whether they are opening their account at their local branch, over the telephone or online.

The new range includes a six-month fixed rate bond at 6.10% p.a. gross (6.19% AER), which matures on 30 September 2008 and is available through branches or by calling 0845 600 8885. Online savers can take advantage of the same highly competitive rate by opening Bradford & Bingley's new six-month fixed rate eBond, which will mature on the account's six-month anniversary of opening, at bradford-bingley.co.uk/savings .

Bradford & Bingley has also launched a one-year fixed rate bond and a one-year fixed rate eBond, both paying 6.10% p.a. gross/AER, for customers who would like to secure this great rate of interest for a longer period.

The one-year fixed rate bond matures on 30 March 2009 and is available through branches or by calling 0845 600 8885. The one-year fixed rate eBond matures on the anniversary of the account opening and is available at bradford-bingley.co.uk/savings .

All four bonds have a minimum deposit requirement of £1,000 and a maximum permitted balance of £2,000,000. No further deposits or withdrawals are permitted until maturity. A monthly interest rate option is available to savers who would like their interest to be paid on a more regular basis.

Paul Whitlock, head of savings at Bradford & Bingley, said: “Our new fixed rate bonds offer customers the choice of snapping up the same great rate for either six months or a year, and the flexibility of operating their account in the most convenient way for them. With all four bonds available on a first come, first served basis, savers looking for a highly competitive fixed return on their savings should act now to avoid disappointment."