Bradford & Bingley launches one-year fixed rate bond

Bradford & Bingley has launched a market-leading one-year fixed rate bond at 6.60% p.a. gross/AER, ideal for savers who are looking to earn a great rate on their money by locking into a one-year fixed rate.

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 6.40% p.a. gross (6.60% AER).

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 new one-year fixed rate bond is ideal for savvy savers looking for a highly competitive, fixed return on their money. This great rate is available on a strictly first come, first served basis, so savers should take advantage of it while they can to make sure they don't miss out."