Bradford & Bingley launches six-month fixed rate bond

Bradford & Bingley has today launched a market-leading six-month fixed rate bond at 6.70% p.a. gross (6.81% AER) but with the bond only available for a limited period, savers will need to act fast to snap up this highly attractive rate.

The limited edition bond, which is available on a strictly first come, first served basis, has a minimum deposit requirement of £1,000, with a maximum balance extending to £2,000,000. It is ideal for savers looking to maximise the return on their savings by locking into a best-buy fixed rate.

No further deposits or withdrawals are permitted until the bond matures on 4 November 2008.

Customers who would prefer their interest to be credited on a more regular basis can take advantage of a great monthly interest rate of 6.61% p.a. gross.

The bond can be opened at any Bradford & Bingley branch or by calling 0845 600 8885.

Paul Whitlock, head of savings at Bradford & Bingley, said: “Our six-month fixed rate bond offers savers a market-leading home for their money and a great opportunity to lock into a highly competitive fixed rate at a time when potential base rate falls are on the horizon. A rate this great won't be available for long so savers should take advantage of it while they can to avoid disappointment."