Bradford & Bingley launches one-year fixed rate bond

Bradford & Bingley has launched a market-leading one-year fixed rate bond at 6.40% p.a. gross/AER, designed to appeal to savers looking for a highly competitive fixed return on their savings.

The limited edition bond has a minimum deposit requirement of £1,000, with a maximum balance extending to £2,000,000.

No further deposits or withdrawals are permitted until the account matures on the anniversary of its opening.

Customers who would prefer their interest to be credited on a more regular basis can take advantage of a great monthly interest rate of 6.22% 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 one-year fixed rate bond is ideal for savers looking to maximise the returns on their savings by locking into a market-leading fixed rate. Available on a first come, first served basis, this great rate won't be available for long so interested savers should apply now."