Bradford & Bingley to launch fixed rate bonds offering 7%

Bradford & Bingley is to launch a limited edition range of best-buy fixed rate bonds, all offering a fantastic rate of 7.00% p.a. gross/AER to savers looking for a premium fixed return on their money.

Savers can take their pick from the strictly first come, first served suite of one-year, two-year and three-year fixed rate bonds, which offer the same great rate to customers whether they are opening their account at their local branch, over the telephone or online.

The one-year, two-year and three-year fixed rate bonds can be opened at any Bradford & Bingley branch or by calling 0845 600 8885.

Customers looking to manage their savings online can open the one-year, two-year and three-year fixed rate eBonds at bradford-bingley.co.uk/savings .

All six 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 of 6.79% p.a. gross (7.00% AER) is available to savers who would like their interest to be credited on a more regular basis.

Paul Whitlock, head of savings at Bradford & Bingley, said: "This limited edition range of fixed rate bonds offers the same fantastic rate of 7.00% p.a. gross/AER to branch, telephone and online customers. Savers can choose between our one-year, two-year and three-year bonds and eBonds to find the right home for their savings and circumstances. A rate this great won't be available for long so savers should take advantage of these limited edition products while they can."