Bradford & Bingley launches one-year fixed rate eBond

Bradford & Bingley has launched a market-leading one-year fixed rate eBond at 6.40% p.a. gross/AER, designed to appeal to online 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 (6.40% AER).

The bond can be opened online at bradford-bingley.co.uk/savings .

Paul Whitlock, head of savings at Bradford & Bingley, said: "Our one-year eBond is ideal for online savers who are looking to lock into a market-leading fixed rate. Available for a limited period only, savers will need to act fast to snap up this great rate."